The CEO of South Zagros Oil and Gas Production Company announced the cumulative production of 20.950 billion cubic meters of gas with an average daily production of…
OIL Feed Atom
The Iranian oil minister Jawad Owji said Sunday that the first refinery built by Iran in an overseas country is El Palito refinery in Venezuela.
The Polish operator of an oil pipeline running to Germany said Saturday that it has fixed the damage that caused a leak earlier this week and that…
Oil prices plummeted on Friday as global recession fears and weak oil demand, especially in China, outweighed support from a large cut to the OPEC+ supply target.
An official report released by the Iranian government on Thursday suggests that Iran’s oil revenues in the five months to August 22 have grown eight-fold compared to…
Oil depot and refinery strikes have reduced France’s petrol output by more than 60% and left one in three petrol stations struggling for fuel. They have spread…
Saudi Foreign Minister Prince Faisal bin Farhan has said that the OPEC+ decision to cut production is purely economic and was taken unanimously by the member states.
Iran and the four countries bordering the Caspian Sea, as the largest holders of gas resources in the world, gathered last week at the second Caspian Economic…
US president is re-evaluating the US relations with Saudi Arabia after OPEC+ announced last week that it would cut oil production, White House national security spokesman…
The Deputy Minister of Petroleum for International Affairs and Trade said that during the trip of the Minister of Petroleum to Moscow implementation of the comprehensive memorandum…
Russia’s Far-Eastern Sakhalin-1 oil and gas project, currently led by US-based Exxon Mobil, will be transferred to a local entity, according to a decree signed on Friday…
Ministers from the OPEC+ group of oil-producing countries agreed to cut their collective output target by 2 million barrels a day from November when they met on Wednesday. How…
OPEC has decided to decrease its total production starting in November. How will the choice impact gas prices at the local level in the US?
Oil and gas production has exceeded 10 million tons in the Fuman Oilfield area, a main crude oil block located in the Tarim Oilfield in Northwest China’s…
Russian Deputy Prime Minister Alexander Novak and Iranian Oil Minister Javad Owji have discussed the prospects for cooperation in a number of joint projects, including in the…
India’s Minister of Petroleum and Natural Gas Hardeep Singh Puri on Friday, September 7, assured Industry Executives at the US Chamber of Commerce that despite the current…
Iran’s permanent Envoy in Vienna-based International Organizations Mohsen Naziri Asl in a meeting with the Secretary General of OPEC Haitham Al Ghais stressed the importance of cooperation…
Canada’s federal government has committed more than $15 billion in public money to the oil and gas industry so far in 2022, according to a new report…
Slower growth in China has braked the rise in world energy prices and Russian riches, but Beijing has also stepped up its purchases of Russian fossil fuels.
Gas prices are displayed at a gas station in Frankfurt, Germany, Wednesday, Oct. 5, 2022. A cut in oil production is on the table when OPEC oil-producing…