Oil rose by $1 a barrel on Wednesday as a report of lower inventories in the United States and cuts in Russian gas flows to Europe offset…
OIL Feed Atom
An expert in energy economics considered the oil industry to be the most attractive area of investment in Iran, and said: “We hope that the agreement with…
Turkish President Recept Tayyip Erdogan said that his country will increase oil and gas imports from Iran.
Speaking in an exclusive interview with TRT…
Iranian Minister of Finance and Economic Affairs Ehsan Khandouzi stated on Tuesday that Iran’s oil and gas condensates revenues in the first 4 months of the current…
The Biden administration on Tuesday said it will sell an additional 20 million barrels of oil from the Strategic Petroleum Reserve as part of a previous plan…
The CEO of the National Iranian Oil Company (NIOC) said a contract for the development of 7 oil fields worth 4 billion dollars has been signed with…
The Swiss agency in charge of sanctions said it was up to the Swiss government to decide whether to adopt a tweak to EU sanctions that eases…
Oil prices rose on Monday, bolstered by supply fears, a dip in the U.S. dollar and stronger equity markets, but prices seesawed as some worried rising U.S….
Syrian Minister of Oil and Mineral Resources described cooperation between the oil ministries of Iran and Syria as good, emphasizing that the two countries have high capacity…
The memorandum of understanding on investment signed between Iran and Russia was a win-win deal, a senior energy official said.
The implementation of the…
U.S. crude prices settled below $95 a barrel for the first time since April in choppy trading on Friday after the European Union said it would allow…
Finance Ministery of the Taliban announced on Saturday that it has signed a contract to purchase 350,000 tons of oil from Iran.
According to…
Russia will not supply oil to countries that decide to impose a price cap on its oil, Russian Central Bank Governor Elvira Nabiullina told a briefing on…
Oil prices edged up on Friday in choppy trading after Russia said it will not supply crude to countries that decide to impose a price cap on…
The Chief Executive of National Iranian Oil Company (NIOC) announced that three other phases of Refinery 14 of South Pars Gas Field will be put into operation,…
Islamic Republic of Iran will export four million barrels of oil to the Bolivarian Republic of Venezuela in the current month.
Iran is increasing…
Oil prices fell on Wednesday, after U.S. government data showed lower gasoline demand during the peak summer driving season and as interest rate hikes by central banks…
Noting that the nuclear deal is not dead yet, the US Deputy Secretary of State stated that the world needs Iran’s oil.
Negotiations to…
The National Iranian Oil Company and Russian gas producer Gazprom inked on Tuesday a memorandum of understanding (MoU) worth around $40 billion.
Iranian and…
A Milan Appeal Court acknowledged on Tuesday the dropping of criminal proceedings in a Nigeria corruption case, finalising the acquittal of Eni (ENI.MI) and Shell…