Saudi Energy Minister Prince Abdulaziz bin Salman warned on Saturday that sanctions and underinvestment in the energy sector could result in a shortage of energy supplies.
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Iranian Minister of Petroleum Javad Owji announced the exploitation and the start of executive operations of nearly $3 billion of oil project in the southern province of…
Iranian Minister of Petroleum Javad Owji said Iran has joined the 6 countries that possess the know-how of producing sponge coke in the world.
Pakistan Crisis: The country’s economy has completely collapsed. Foreign currency reserves are in short supply, & cash-strapped oil companies have warned that the industry is on the…
The petroleum minister of Venezuela expressed his country’s willingness to use Iran’s experiences and promote cooperation in the oil and energy industries.
In a…
Oil prices fell to over three-week lows on Friday in a volatile session, after strong U.S. jobs data raised concerns about higher interest rates and as investors…
Western economies agreed new price caps on Friday on Russia’s exports of oil products that U.S. Treasury Secretary Janet Yellen said would build on the crude oil…
Iranian Oil Minister Javad Oji inaugurated the bitumen production and storage unit of Jey Oil Refining Company in the southern Hormozgan province on Thursday.
Global oil markets are bracing for more upheaval in the next couple of weeks after the European Union bans all Russian refined oil products in retaliation for…
Russia’s monthly budget revenues from oil and gas fell in January to their lowest level since August 2020 under the impact of Western sanctions on Russian exports,…
Oil prices steadied on Friday as investors sought more clarity on the imminent EU embargo on Russian refined fuels, with prices set for a second weekly loss…
In 2019, oil and gas companies operating on tribal and federal lands lost $63 million in revenue from venting, flaring, and leaking infrastructure. That loss, according to a…
Oil prices slipped on Thursday as looming sanctions on Russian oil products added uncertainty over supply and a build in U.S. fuel stocks suggested sluggish demand despite…
Western oil tankers ramped up their shipments of Russian crude in January as prices for Moscow’s flagship Urals grade held below an international price cap, according to…
Oil prices remained relatively stable after OPEC and its allies stuck to their output policy while the market awaits a U.S. interest rate decision and data on…
Managing director of Persia Oil and Gas Development Company referring to activities of 19 explorer companies, said that by applying three methods, Iran can increase its oil…
The President said: “I assure the people and economic activists that we have good and reliable hard currency reserves and the money from the sale of oil…
The U.S. Energy Information Administration (EIA) in a recent report has put Iran’s average oil production in 2022 at 2.54 million barrels per day (bpd), 140,000 bpd…
National Iranien Oil Company (NIOC) has long focused on developing technologies to enhance recovery from oil wells. Although sanctions have posed an obstacle in its way, it…
Being the first oil refinery in the Middle East set up more than 110 years ago, Abadan oil refinery is considered one of Iran’s refining hubs, but…