Global benchmark Brent crude tumbled $7 to below $100 a barrel on Tuesday on a strengthening dollar, demand-sapping COVID-19 curbs in top crude importer China, and rising…
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The Iranian Oil Ministry announced the country’s increased crude sales and prices last year helped the government cut the budget deficit and manage fluctuations in the foreign…
India’s oil imports from Russia surged to a record of around 950,000 barrels per day (bpd) in June, accounting for nearly a fifth of overall imports by…
Oil prices were little changed on Monday as markets balanced an expected drop in demand due to mass testing for COVID-19 in China against ongoing concerns over…
High-octane gasoline, plastics and many other everyday necessities are the result of complex processes that take place inside petrochemical plants and refining facilities. Those processes utilize a…
The National Iranian Oil Company is ready to restore production to the maximum possible figure, said the director of monitoring oil and gas production of the National…
The Chinese Foreign Ministry Spokesman rejected the new sanctions announced by the US Treasury Department against Iran and urged Washington to abandon the wrong practice of resorting…
President Ebrahim Raeisi instructed relevant officials of Kordestan province to tackle the problems of the areas that attacked by Saddam regime’s chemical weapons in a special way.
President Vladimir Putin warned the West on Friday that continued sanctions against Russia over the war in Ukraine risked triggering catastrophic energy price rises for consumers around…
Since the start of the war in Ukraine, the United States and its allies have leaned on countries to buy less Russian oil in a bid to…
When French President Emmanuel Macron whispered in Joe Biden’s ear last month that top global oil exporter Saudi Arabia has very little additional capacity to increase output,…
Iranian Oil Minister Javad Owji said that the country’s giant oilfield, Azadegan, will have the capacity to produce 570,000bpd of crude after development in the next 7…
Oil prices surged on Thursday, rebounding from steep losses the previous two sessions, as investors returned their focus to tight supply despite nagging fears of a potential…
TotalEnergies has agreed to transfer its remaining stake in Russia’s Kharyaga oil field to the country’s state producer Zarubezhneft, the French company told Reuters, in its first major…
The United States on Wednesday imposed sanctions on a network of Hong Kong, Emirati and other companies that it accused of helping to deliver and sell Iranian…
Oil prices slid about 2% to a 12-week low in volatile trade on Wednesday, extending Tuesday’s heavy losses as investors grew more worried energy demand would take…
Iran has invested 7 billion dollars in a 7-year integrated development plan for Azadegan joint oilfields that will bring $14 billion extra revenue on a yearly basis…
Russia’s former president Dmitry Medvedev said Tuesday the oil prices could increase above $300-$400 a barrel if Japan caps the price of Russian oil at around half…
Iranian Oil Minister Javad Owji announced that the project for the development of Azadegan joint oilfield in the Persian Gulf will become operational with a 7-billion-dollar funding…
The oil and gas industry is “under siege” due to years of under-investment, the OPEC Secretary General Mohammad Barkindo said on Tuesday, adding the resulting supply shortage…