Oil prices extended losses on Monday as looming increases to interest rates by major central banks and signs of strong Russian exports offset rising Middle East tension…
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The Speaker of the Iranian Parliament said: “Iran and Algeria have the possibility to cooperate in the field of knowledge-based issues and infrastructure and energy studies, especially…
Oil prices settled lower on Friday, making their weekly finish flat to lower, as indications of strong Russian oil supply offset better-than-expected U.S. economic growth data, strong…
The 13th Specialized Exhibition of Khuzestan Manufacturing Oil Industry Equipment is scheduled to be held in the southwestern city of Ahvaz (the capital city of Khuzestan) during…
Pakistan and Russia will finalise all commercial terms of an agreement, including the use of other-than-dollar currency as the medium, for selling less expensive crude to Islamabad,…
Oil prices rose for a second session on Friday, buoyed by better than expected U.S. economic growth, strong middle distillate refining margins and hopes of a rapid…
Oil prices rose 1% on Thursday on expectations that demand will strengthen as top oil importer China reopens its economy and on news U.S. crude inventories have…
Shell (SHEL.L) has launched a strategic review of its home energy retail businesses in Britain, the Netherlands and Germany in the wake of “tough market conditions”, it said on…
Oil steadied on Wednesday after a decline in the previous session, as a rise in U.S. crude inventories and global recession worries countered optimism for a demand…
CEO of the National Iranian Oil Company Mohsen Khojasteh Mehr said that measures are being taken to prevent the pressure drops in the South Pars gas field.
The United States Department of Energy has introduced the Islamic Republic of Iran as the world’s third-largest oil and second-largest natural gas reserves holder.
The CEO of the National Iranian Oil Company (NIOC) said plans are under way to bring Iran’s crude oil production capacity to 5.7 million barrels per day…
Tehran’s representative in the Iranian parliament underlined the need for youth participation in different parts of the country, emphasizing the need to link the oil industry with…
An OPEC+ panel is likely to endorse the producer group’s current oil output policy when it meets next week, five OPEC+ sources said on Tuesday, as hopes…
Crude oil prices were steady on Tuesday as concerns about a global economic slowdown and expected build in U.S. oil inventories were offset by hopes of a…
The US Special Envoy for Iran Robert Malley said the Biden administration will increase pressure on China to cease imports of Iranian oil as the US tries…
Oil prices rose by 1% on Monday to $88.50 a barrel, extending last week’s gains on the back of a stronger outlook thanks to an expected economic…
The International Energy Agency estimated Iran’s oil production in December 2022 at 2.72 million bpd, announcing that Iran’s rank upgraded to the fourth among top oil suppliers…
In Canada’s western oil patch, controversy is raging over federal government legislation intended to help the fossil fuel labour force transition to a greener economy, but union…
With the commissioning of the Abadan oil refinery development plan, for the first time in the Middle East, the largest crude oil vacuum and atmospheric distillationun its,…