The crew of one of two Greek oil tankers seized by Iranian armed forces in May have been replaced by their company, Iran’s foreign ministry said Wednesday.
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Kpler, a commodities data intelligence firm, has reported that the Islamic Republic of Iran has exported 20 million barrels of its stored oil to the international markets…
Oil futures fell about 4% to a one-week low on Thursday on a tentative agreement that would avert a U.S. rail strike, expectations for weaker global demand…
A leading provider of comprehensive electrical engineering maintenance and solutions in Malaysia, BPE Engineering & Services Sdn Bhd continues to help drive the local oil and gas…
Oil rose about 2% on Wednesday, rebounding from the previous day’s lows, as an international energy watchdog expects an increase in gas-to-oil switching due to high prices…
Oil prices were up on Monday, shaking off weaker demand expectations as countries head into the winter season.
Brent crude futures appreciated by $1.16…
Iranian oil officials said a fire at the southwestern Shadegan oil field has been extinguished amid claims that the blaze was an act of sabotage.
OPEC on Tuesday stuck to its forecasts for robust global oil demand growth in 2022 and 2023 citing signs that major economies were faring better than expected…
The CEO of Petropars Oil Company, Shamsuddin Mousavi announced on Monday that drilling of the second oil well of Forouzan Oilfield is being completed, therefore Iran…
The 12th International Exhibition of Renewable Energy, Productivity, and Energy Saving started in presence of Iran’s Energy Minister Ali Akbar Mehrabian in Tehran on Monday.
British Petroleum (BP) in its recent statistical review of world energy said that Iran’s crude oil and condensate production rose to 3.17 million barrels per day with…
Oil prices rose on Monday as Iranian nuclear talks appeared to hit obstacles and an embargo on Russian oil shipments loomed, with tight supply struggling to meet…
The Islamic Revolution Guards Corps (IRGC) and Iranian Intelligence Ministry seized a foreign ship carrying smuggled fuel in the Persian Gulf and detained all its crew.
A $7 billion memorandum of understanding has been signed by National Iranian Oil Company (NIOC) and Iranian banks and E&P companies to develop the entire giant Azadegan…
The Russia-Ukraine war is not just a military conflict between Moscow and Kiev. Moreover, the consequences of the war are not limited to the geography of Europe….
Oil prices rose over 3% on Friday supported by real and threatened cuts to supply, although futures were set for a second weekly decline as aggressive interest…
As Winston Churchill reportedly said in the 1940s as he was working to co-form what would become the United Nations: “Never let a good crisis go to…
Crude prices edged up about 2% on Thursday after dropping to a seven-month low in the prior session after Russia threatened to halt oil and gas exports…
Oil Minister Javad Owji said the world needs to be fed with more Iranian crude, while Tehran is also ready to supply it as prices have been…
It’s tempting to dismiss the decision by the OPEC+ group to cut crude oil production by 100,000 barrels per day (bpd) in October as a statistical insignificance…