Russia will not supply oil to countries that decide to impose a price cap on its oil, Russian Central Bank Governor Elvira Nabiullina told a briefing on…
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Oil prices edged up on Friday in choppy trading after Russia said it will not supply crude to countries that decide to impose a price cap on…
The Chief Executive of National Iranian Oil Company (NIOC) announced that three other phases of Refinery 14 of South Pars Gas Field will be put into operation,…
Islamic Republic of Iran will export four million barrels of oil to the Bolivarian Republic of Venezuela in the current month.
Iran is increasing…
Oil prices fell on Wednesday, after U.S. government data showed lower gasoline demand during the peak summer driving season and as interest rate hikes by central banks…
Noting that the nuclear deal is not dead yet, the US Deputy Secretary of State stated that the world needs Iran’s oil.
Negotiations to…
The National Iranian Oil Company and Russian gas producer Gazprom inked on Tuesday a memorandum of understanding (MoU) worth around $40 billion.
Iranian and…
A Milan Appeal Court acknowledged on Tuesday the dropping of criminal proceedings in a Nigeria corruption case, finalising the acquittal of Eni (ENI.MI) and Shell…
Oilfield services provider Halliburton Co (HAL.N) on Tuesday posted a 41% increase in second-quarter adjusted profit compared to the first quarter, and predicted years of…
Russia’s crude flows are coming down, but higher oil prices are cushioning the impact on the Kremlin’s war chest.
There are tentative signs that…
Europe has surpassed Asia to become the top consumer of American oil for the first time in six years.
From January to May this…
Saudi Arabia’s foreign minister said a U.S.-Arab summit on Saturday did not discuss oil and that OPEC+ would continue to assess market conditions and do what is…
Saudi Arabia’s Crown Prince Mohammed bin Salman said on Saturday more investment was needed in fossil fuel and clean energy technologies to meet global demand, and that…
The government of Canada imposed another round of sanctions against Russia’s oil and gas sector and chemical industry, according to the Canadian foreign ministry.
China’s refinery throughput for the six months to June marked the first annual decline for the period since at least 2011, data showed on Friday, as strict…
The United States does not expect Saudi Arabia to immediately boost oil output and awaits the outcome of an OPEC+ meeting on Aug. 3, the U.S. national…
Oil was up 2.5% on Friday after a U.S. official told Reuters that an immediate Saudi oil output boost was not expected, and as investors question whether…
Tehran – 15 July (Roydad Naft): US President Joe Biden arrived at Ben Gurion Airport in Tel Aviv on Wednesday, July 13, at the beginning of his…
Pakistan on Thursday night announced a decrease in fuel prices to pass on a decline in global prices to inflation-hit consumers.
Pakistan is experiencing…
Saudi Arabia, the world’s largest oil exporter, more than doubled the amount of Russian fuel oil it imported in the second quarter to feed power stations to…