The director of exploration of the National Iranian Oil Company (NIOC) announced the discovery of new oil reservoirs in the southwest of Iran, and said: “There are…
OIL Feed Atom
Oil prices rose 3% on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and the start of a G7 price…
The market for old oil tankers is booming, and it’s all down to efforts by Western nations to curb trade in Russian crude.
As…
The 34th OPEC and non-OPEC Ministerial Meeting took place by videoconference on Sunday, 4 December 2022.
In line with the decision of the OPEC…
Russia will not recognize a so-called ‘price cap’ on Russian oil which the European Union adopted this week, officials announced Saturday.
“We will not…
Iranian Minister of Petroleum Javad Owji underlined concerns about the possible consequences of the spread of coronavirus in some regions, especially China, for the economic growth of…
The 34th ministerial meeting of the Organization of the Petroleum Exporting Countries (OPEC) and their non-OPEC allies began a few minutes ago via video conference.
The 23 member countries of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) did not change the goal of reducing daily production by…
Venezuela’s state oil company PDVSA signed contracts with the American oil company Chevron on Friday, media have reported.
Venezuela’s oil minister Tareck El Aissami…
An Iranian-flagged tanker on Friday delivered an oil shipment to Syria which the United States had previously confiscated around Greece, a ship tracker said.
The presidency of the Organization of the Petroleum Exporting Countries (OPEC) and its board of governors were entrusted to Equatorial Guinea and Kuwait, respectively.
The oil ministries of the Islamic Republic of Iran and Iraq announced their agreement to establish a joint oil working group.
Following several…
OPEC+ is likely to stick to its current oil output target when it meets on Sunday, two OPEC+ sources said on Friday, although some say a further…
Iranian Oil Minister Javad Oji discussed the latest developments in the oil market in a phone conversation with his Venezuelan counterpart Tareck El Aissami, Shana reported on…
The European Union has asked its 27 member states to back a $60 per barrel price cap on Russian oil, the Wall Street Journal reported on Thursday,…
OPEC+ is widely expected to stick to its latest target of reducing oil production by 2 million barrels per day (bpd) when it meets on Sunday, but…
Iranian President Ebrahim Raisi has said his country is seeking expansion of energy ties with neighbor Iraq, Shana reported.
Raisi made the remarks in…
The Iranian Ministry of Petroleum has released a list of the companies applying for activities in the field of exploration and production (E&P).
According…
The Iranian Ministry of Petroleum (MOP) has launched its office in Baghdad, Iraq.
Seyyed Abbas Beheshti, the representative of the Ministry of Petroleum…
The Deputy Director of the Atomic Energy Organization of Iran (AEOI) said: “This technical know-how of lightening heavy crude oil with atomic radiation will be unveiled at…