Oil prices tumbled about 6% to a four-week low on Friday on worries that interest rate hikes by major central banks could slow the global economy and…
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Oman’s Sultan Haitham bin Tariq meets with U.S. Secretary of State Mike Pompeo (not pictured) at al-Alam palace in Muscat, Oman February 21, 2020. Andrew Caballero-Reynolds
In May, the US State Department allowed Italian companies Eni and Spain’s Repsol to start importing Venezuelan crude in exchange for billions of dollars in debt. So…
The United States is selling 45 million barrels as part of a concerted plan to release crude oil reserves.
As part of a plan…
In its latest monthly report, the OPEC Secretariat maintained its forecast that oil demand in 2020 will exceed pre-Corona levels.
According to Reuters from…
Libya’s crude oil production reached 100,000 barrels per day following the closure of the country’s production and export facilities.
According to Reuters from Tripoli,…
Brent crude rose to more than $ 121 a barrel amid concerns over fuel demand and decisions to raise interest rates in the United States.
Russia earned nearly $100bn (£82.3bn) from oil and gas exports during the first 100 days of the war in Ukraine, according to a report.
UK supermajor BP is taking over operatorship of the US$36 billion Asian Renewable Energy Hub (AREH) in the Pilbara Western Australia, which the company is hailing as…
The latest OPEC monthly report showed that Iran’s heavy oil prices rose 8.7 percent last month.
The price of a barrel of Iranian heavy…
Vienna, Austria, 14 June 2022–The price of OPEC basket of thirteen crudes stood at $120.66 a barrel on Monday, compared with $123.19 the previous Friday, according to…
An Iran-flagged tanker carrying about 1 million barrels of crude from the Middle Eastern country arrived in Venezuelan waters over the weekend, according to a shipping document…
Iranian Oil Minister Javad Oji met with Venezuelan President Nicolas Maduro at Saadabad Palace on Monday, June 14, to discuss bilateral relations.
MohammadSadegh Razmi-…
Crude oil prices fell in trading today (Monday, June 23) following Beijing warnings of escalating Covid-19 virus outbreaks and concerns about inflation.
Oil prices…
The CEO of the National Iranian Oil Company, appreciating the efforts of former members of the company’s board of directors, said: “The board of directors, as a…
Abbas Razmi, Director of Health, Safety, Environment and Passive Defense of the National Iranian Oil Company, praised the actions of Mr. Asadi, CEO of the Pars Special…
Norwegian oil firms and employees have agreed in principle a new wage deal, avoiding for now a strike at nine fields that could have hit some of…
With the U.S. Administration growing more desperate by the week as gasoline prices breach $5 per gallon in the United States, President Biden is now taking aim…
Growing demand for energy has intensified international rivalry over access to energy resources. Therefore, various nations are trying their best to adopt an effective and efficient energy…
Sabinal Energy, an oil producer backed by Kayne Anderson, is divvying up its assets for a sale of the company that could fetch more than $1 billion,…