Oil extended gains on Monday, rising more than 3% after China’s move to reopen its borders boosted the outlook for fuel demand and overshadowed global recession concerns.
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The U.S. Department of Energy has rejected the first batch of bids from oil companies to resupply a small amount of oil to the nation’s emergency crude…
Iranian Minister of Petroleum Javad Owji said a number of unfinished petroleum projects worth $8 billion in total are scheduled to come on stream by the end…
The ruling Taliban has signed a deal with a Chinese company to extract oil from northern Afghanistan’s Amu Darya basin as the radical Islamist group attempts to bolster the South Asian…
Russia is sending more crude oil produced in the Arctic region to China and India, and at steeper discounts, after Europe slammed its doors shut on Russian…
Oil steadied on Thursday in volatile trade after posting the biggest two-day loss for the start of a year in three decades with the shutdown of a…
Oil prices tumbled 4% in volatile trade on Tuesday, pressured by weak demand data from China, a gloomy economic outlook and a stronger U.S. dollar.
The government spokesperson announced the continuous increase in the export of crude oil and gas condensate, and said: “Last month, we saw record exports since the beginning…
The first vice president said 200 billion dollars have been earmarked for the country’s major projects in various sectors, including oil, industry, water, and electricity.
Nigeria has ranked 11th position on a top-20 list of countries with largest proven oil reserves, a publication by Insider Monkey has shown.
Despite…
Oil prices pared losses after falling by over $2 earlier in the session, as a weaker dollar partially offset demand fears resulting from surging COVID-19 cases in…
The project to maintain and enhance the oil output rate in the Iranian Central Oil Fields Company (ICOFC) in the Danan, Saadat Abad and NaftShahr oil fields…
The CEO of the National Iranian South Oil Company (NISOC) said that by the end of the NGL 1000 overhaul operations, 10 million cubic meters per…
Iran’s Petroleum University of Technology (PUT) and the Belarusian State Technological University (BSTU) will sign a memorandum of understanding for cooperation through video conference in the presence…
Saudi Arabia and Japan signed a memorandum of cooperation (MoC) on Sunday in the fields of the circular carbon economy, carbon recycling, clean hydrogen and fuel ammonia,…
Russia will look for new markets and logistics even at higher costs so as not to supply oil at prices set by the West, Finance Minister Anton…
The Director of International Affairs of the National Iranian Oil Company (NIOC) stated: The Iranian Oil Terminals Company (IOTC) has been fully serving the country, and now…
The CEO of the National Iranian South Oil Company (NISOC) said about 329 million cubic feet (mcf) of associated petroleum gas (APG) is being flared in the…
Oil prices rose by more than 2% on Friday on expectations of a drop in Russian crude supply, which helped offset worries of a hit to U.S….
Exports of Russia’s flagship Urals crude blend from Baltic Sea ports may fall by up to a fifth in December, after a Western price cap and an…