The National Iranian Oil Company (NIOC) has increased the official selling price of all types of crude oil for delivery to Asian customers in October.
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Making the case is Natasha Kaneva, head of commodities strategy at J.P. Morgan . She expects a shift of several factors to lift the barrel price, which has been stuck between $80…
Brent crude futures gained 16 cents, or 0.2 per cent, to $90.62 per barrel by 0020 GMT, while US West Texas Intermediate (WTI) crude futures were up…
UK ministers are facing legal action after confirming more than 100 new oil and gas licences will be opened up in the North Sea next month.
The oil & gas sector is one of the largest industries in the world as it is a critical part of the energy sector with about 4.2…
Oil rose on Thursday on supply concerns and as a Bank of England interest rate hike defied some expectations of a larger increase.
Brent…
TEHRAN, Sep. 21 (MNA) – The Iranian oil minister said Wednesday that Iran has been exporting petroleum products to Lebanon since last year, and since then, the…
The CEO of the National Iranian Drilling Company (NIDC) said: With the provision of three offshore drilling rigs, the company’s presence in the Persian Gulf waters will…
Iran daily newspaper quoted an informed source in the Ministry of Petroleum that Iran’s first overseas refinery has begun operating in the Latin American country.
The Iranian oil minister said that he held talks with the head of China energy company Sinopec office in Tehran to attract their investment to develop the…
Oil prices dipped on Tuesday, following other risk assets lower, as the dollar stayed strong and investors anticipated more central bank interest-rate hikes designed to quell inflation.
The meeting noted the high dependency of member states on oil and gas products and agreed to step-up regional multilateral cooperation to mitigate supply disruptions
The state-owned Kuwait oil company aims to increase natural gas production to meet local demand, the company’s acting chief executive officer Khaled Nayef Al Otaibi said on…
Iran and Uzbekistan signed a memorandum of understanding (MOU) on cooperation in different energy sectors, Fars news agency reported on Sunday.
As reported, the…
The United States on Monday imposed sanctions on China and other companies that allegedly helped sell tens of millions of dollars worth of Iranian oil and petrochemicals…
The negotiations to revive the Joint Comprehensive Plan of Action (JCPOA) between Iran and the P5+1 (China, France, Russia, the United Kingdom, the United States, and Germany)…
The oil and gas industries can be broken down into three segments: upstream, midstream, and downstream.
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What Are Upstream Operations…
President Nicolas Maduro says Venezuela has received an advanced oil tanker from Iran as part of a bilateral contract amid increasing cooperation between Tehran and Caracas in…
Oil steadied on Friday after a sharp fall in the previous session, but pricess remained on track for a weekly decline on fears of hefty interest rate…
Uzbekistan and Iran signed 18 documents in various areas of cooperation as a result of Uzbek-Iranian high-level talks, the presidential press service reported.
President…