The West’s energy giants are set to return a record $30 billion to investors after reporting bumper profits in the second quarter of the year following a…
OIL Feed Atom
OPEC+ sees this year’s oil market as slightly less supplied than previously thought, a day ahead of a meeting at which the producer group is set to…
The Group of Seven (G7) wealthy nations is looking at blocking the transportation of Russian oil among other options to deprive Moscow of bumper revenues amid its…
Oil prices are proving resilient to global economic recession fears and have outperformed major equity indices and the U.S. dollar so far this year as Western sanctions…
Executives from Tullow Oil (TLW.L) held talks with India’s ONGC Videsh Ltd (ONVI.NS) in Nairobi this week as the London-based firm seeks a…
The U.S. Department of Energy is planning up to a $165 million new investment in a geothermal power initiative that would utilize expertise from the oil and…
OPEC and its allies will consider keeping oil output unchanged for September when they meet next week, despite calls from the United States for more supply, although…
The Iranian Embassy in Athens confirmed that the Supreme Court in Greece had voted to uphold an appeals ruling in favor of Tehran against the seizure of…
Oil rose by $1 a barrel on Wednesday as a report of lower inventories in the United States and cuts in Russian gas flows to Europe offset…
An expert in energy economics considered the oil industry to be the most attractive area of investment in Iran, and said: “We hope that the agreement with…
Turkish President Recept Tayyip Erdogan said that his country will increase oil and gas imports from Iran.
Speaking in an exclusive interview with TRT…
Iranian Minister of Finance and Economic Affairs Ehsan Khandouzi stated on Tuesday that Iran’s oil and gas condensates revenues in the first 4 months of the current…
The Biden administration on Tuesday said it will sell an additional 20 million barrels of oil from the Strategic Petroleum Reserve as part of a previous plan…
The CEO of the National Iranian Oil Company (NIOC) said a contract for the development of 7 oil fields worth 4 billion dollars has been signed with…
The Swiss agency in charge of sanctions said it was up to the Swiss government to decide whether to adopt a tweak to EU sanctions that eases…
Oil prices rose on Monday, bolstered by supply fears, a dip in the U.S. dollar and stronger equity markets, but prices seesawed as some worried rising U.S….
Syrian Minister of Oil and Mineral Resources described cooperation between the oil ministries of Iran and Syria as good, emphasizing that the two countries have high capacity…
The memorandum of understanding on investment signed between Iran and Russia was a win-win deal, a senior energy official said.
The implementation of the…
U.S. crude prices settled below $95 a barrel for the first time since April in choppy trading on Friday after the European Union said it would allow…
Finance Ministery of the Taliban announced on Saturday that it has signed a contract to purchase 350,000 tons of oil from Iran.
According to…