Oil edged marginally higher after hitting a six-month low earlier on Wednesday, as markets weighed a steeper-than-expected draw down in U.S. crude inventories against rising output and…
OIL Feed Atom
Iran increased its oil exports in June and July and could raise them further this month by offering a deeper discount to Russian crude for its main…
The Cuban ambassador in Tehran announced Iran’s help in controlling the fire in the Cuba’s oil tanks and appreciated the cooperation of the Iranian Ministry of Petroleum…
In line with the goals of activating energy diplomacy by the Iranian Ministry of Petroleum, after a massive fire occurred in oil facilities in Cuba by lightning,…
A second shipment of crude from a U.S. Gulf of Mexico offshore field has sailed for Germany, according to vessel tracking data and trade sources on Tuesday,…
Oil prices fell over 1% on Tuesday in volatile trading as economic data spurred concerns about a potential global recession, while the market awaited clarity on talks…
The ways of cooperation between Iran and the Republic of Mauritius in the energy sector were discussed during the meeting between Iranian Minister of Petroleum Javad Owji…
An economic expert said the Russians have signed oil and gas contracts with Iran in recent years and have fulfilled their commitments well, adding: “In my opinion,…
Oil prices fell by more than $4 a barrel on Monday on demand fears as disappointing Chinese economic data renewed global recession concerns.
Brent…
The National Iranian Oil Company (NIOC) has increased the official selling price of all types of crude oil for export to Asian markets in September.
Saudi Arabia’s Kingdom Holding (4280.SE) invested in Russian energy groups Gazprom (GAZP.MM), Rosneft (ROSN.MM) and Lukoil (LKOH.MM) between…
State oil giant Saudi Aramco (2222.SE) on Sunday reported its highest quarterly profit since the company went public in 2019, boosted by higher oil prices…
The drilling operation of the first exploratory well of Changuleh oil field in Iran’s western Ilam Province is going to begin soon, a senior official with the…
Tehran’s Embassy in Athens announced that the Iranian oil tanker and its cargo which was seized by Greece under US pressure is to head back to the…
Oil prices fell Friday, as uncertainty surrounding the market’s demand/supply balance prompted traders to cash in some of the week’s strong gains.
By 10:10…
Oil prices plunged around 2% on Friday, on expectations that supply disruptions in the U.S. Gulf of Mexico would be short-term, while recession fears clouded the demand…
Russia’s Rosneft (ROSN.MM)said on Friday that fuel prices in Germany will likely jump if the PCK Schwedt refinery it owns alongside Shell
OPEC on Thursday cut its 2022 forecast for growth in world oil demand for a third time since April, citing the economic impact of Russia’s invasion of…
Oil prices rose more than $2 on Thursday after the International Energy Agency raised its oil demand growth forecast for this year as soaring natural gas prices…
The global energy market will get a million barrels of oil if the US and Iran resuscitate the 2015 nuclear deal, but even if they do, it…