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…
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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…
Norwegian offshore oil and gas workers went on strike over pay on Tuesday, the first day of planned industrial action that could cut the country’s gas exports…
Oil plummeted by about $10 a barrel on Tuesday on concerns of a looming global recession curtailing demand, even with expected supply disruptions as oil and gas…
Moscow and Caracas will continue to expand their cooperation in the oil sector, and are working on a new agreement to circumvent Western sanctions in finance and…
Oil rose on Monday as supply concerns driven by lower OPEC output, unrest in Libya and sanctions on Russia outweighed fears of demand-sapping global recession.
Iran dispatched another oil tanker to Syria in line with the two countries’ policy of expansion of economic and trade relations and after finalization of a credit…
A planned strike next week by Norwegian energy sector workers could cut the country’s gas output by 292,000 barrels of oil equivalent per day, or 13% of…
The Biden administration opened the door to selling new oil and gas drilling leases in the Gulf of Mexico and Alaska in a move likely to anger…
An Iranian-flagged tanker seized by Greece in April, part of whose cargo was confiscated by the United States, was being towed to the port of Piraeus on…
Jeopardizing energy security and heightening market volatility have borne lose-lose outcomes for all players, Iranian Minister of Petroleum said on Friday, adding global oil market needs an…
A report released by the Organization of the Petroleum Exporting Countries (OPEC) indicates that Iran has earned more than $25 billion in revenue from oil exports…
OPEC in June did not deliver on an oil output increase pledged under a deal with allies, a Reuters survey on Friday showed, as involuntary declines in…
Oil prices rose about $2 a barrel on Friday, recouping most of the previous session’s declines, as supply outages in Libya and expected shutdowns in Norway outweighed…
The 30th OPEC and non-OPEC Ministerial Meeting was held via videoconference on 30 June 2022. In view of current oil market fundamentals and the consensus on…
Joe Biden’s July trip to the Middle East is poised to be a significant moment for gasoline prices, with the US president setting his sights on a…
Iranian President Seyed Ebrahim Rayeesi in a meeting with his Russian counterpart Vladimir Putin underlined the need for the two countries to support strengthening the North-South corridor,…
Oil prices sank about 2% on Thursday as OPEC+ confirmed it would only increase output in August as much as previously announced despite tight global supplies, but…
Oil prices are expected to stay above $100 a barrel this year as Europe and other regions struggle to wean themselves off Russian supply, a Reuters poll…