The Deputy Minister of Petroleum for International Affairs and Trade said that during the trip of the Minister of Petroleum to Moscow implementation of the comprehensive memorandum…
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Russia’s Far-Eastern Sakhalin-1 oil and gas project, currently led by US-based Exxon Mobil, will be transferred to a local entity, according to a decree signed on Friday…
Ministers from the OPEC+ group of oil-producing countries agreed to cut their collective output target by 2 million barrels a day from November when they met on Wednesday. How…
OPEC has decided to decrease its total production starting in November. How will the choice impact gas prices at the local level in the US?
Oil and gas production has exceeded 10 million tons in the Fuman Oilfield area, a main crude oil block located in the Tarim Oilfield in Northwest China’s…
Russian Deputy Prime Minister Alexander Novak and Iranian Oil Minister Javad Owji have discussed the prospects for cooperation in a number of joint projects, including in the…
India’s Minister of Petroleum and Natural Gas Hardeep Singh Puri on Friday, September 7, assured Industry Executives at the US Chamber of Commerce that despite the current…
Iran’s permanent Envoy in Vienna-based International Organizations Mohsen Naziri Asl in a meeting with the Secretary General of OPEC Haitham Al Ghais stressed the importance of cooperation…
Canada’s federal government has committed more than $15 billion in public money to the oil and gas industry so far in 2022, according to a new report…
Slower growth in China has braked the rise in world energy prices and Russian riches, but Beijing has also stepped up its purchases of Russian fossil fuels.
Gas prices are displayed at a gas station in Frankfurt, Germany, Wednesday, Oct. 5, 2022. A cut in oil production is on the table when OPEC oil-producing…
The 33rd meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) started a few minutes ago at the headquarters of the OPEC…
OPEC+ is jolting oil markets this week with plans to cut output — and the ripples could reach all the way to the U.S. midterm elections.
Energy consumption will increase by about 50% by 2050, according to the US Energy Information Administration, while renewable energy production will increase by nearly 150%.
Iranian Oil Minister Javad Oji said that the country’s crude oil exports to the target markets are being carried out without any problems.
“Fortunately,…
Favourable geology, open data access, supporting policy regime and ease of doing business were the major drivers to attract potential US players to invest in India’s energy…
Iranian Minister of Petroleum Javad Owji voiced Iran’s preparedness to cooperate with Japanese companies in the field on energy, and said: “Iran can play an important role…
The 33rd meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, will be held in Vienna on Wednesday, October 5.
Oil prices edged lower on Friday but were on track for their first weekly gain in five on Friday, underpinned by the possibility that OPEC+ will agree…
The `wasteful burning of excess gas released during oil production, which is known as the flaring of natural gas, is not being reported.
A news…