Oilfield services provider Halliburton Co (HAL.N) on Tuesday posted a 41% increase in second-quarter adjusted profit compared to the first quarter, and predicted years of…
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Russia’s crude flows are coming down, but higher oil prices are cushioning the impact on the Kremlin’s war chest.
There are tentative signs that…
Europe has surpassed Asia to become the top consumer of American oil for the first time in six years.
From January to May this…
Saudi Arabia’s foreign minister said a U.S.-Arab summit on Saturday did not discuss oil and that OPEC+ would continue to assess market conditions and do what is…
Saudi Arabia’s Crown Prince Mohammed bin Salman said on Saturday more investment was needed in fossil fuel and clean energy technologies to meet global demand, and that…
The government of Canada imposed another round of sanctions against Russia’s oil and gas sector and chemical industry, according to the Canadian foreign ministry.
China’s refinery throughput for the six months to June marked the first annual decline for the period since at least 2011, data showed on Friday, as strict…
The United States does not expect Saudi Arabia to immediately boost oil output and awaits the outcome of an OPEC+ meeting on Aug. 3, the U.S. national…
Oil was up 2.5% on Friday after a U.S. official told Reuters that an immediate Saudi oil output boost was not expected, and as investors question whether…
Tehran – 15 July (Roydad Naft): US President Joe Biden arrived at Ben Gurion Airport in Tel Aviv on Wednesday, July 13, at the beginning of his…
Pakistan on Thursday night announced a decrease in fuel prices to pass on a decline in global prices to inflation-hit consumers.
Pakistan is experiencing…
Saudi Arabia, the world’s largest oil exporter, more than doubled the amount of Russian fuel oil it imported in the second quarter to feed power stations to…
Germany will completely stop buying Russian coal on Aug. 1 and Russian oil on Dec. 31, marking a major shift in the source of the country’s energy…
Iraq’s bid to boost oil export capacity at its Gulf ports has suffered a setback due to delays in pumping station upgrades, an Iraqi oil source said.
Global benchmark Brent crude tumbled $7 to below $100 a barrel on Tuesday on a strengthening dollar, demand-sapping COVID-19 curbs in top crude importer China, and rising…
The Iranian Oil Ministry announced the country’s increased crude sales and prices last year helped the government cut the budget deficit and manage fluctuations in the foreign…
India’s oil imports from Russia surged to a record of around 950,000 barrels per day (bpd) in June, accounting for nearly a fifth of overall imports by…
Oil prices were little changed on Monday as markets balanced an expected drop in demand due to mass testing for COVID-19 in China against ongoing concerns over…
High-octane gasoline, plastics and many other everyday necessities are the result of complex processes that take place inside petrochemical plants and refining facilities. Those processes utilize a…
The National Iranian Oil Company is ready to restore production to the maximum possible figure, said the director of monitoring oil and gas production of the National…