Russia will not recognize a so-called ‘price cap’ on Russian oil which the European Union adopted this week, officials announced Saturday.
“We will not…
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Iranian Minister of Petroleum Javad Owji underlined concerns about the possible consequences of the spread of coronavirus in some regions, especially China, for the economic growth of…
The 34th ministerial meeting of the Organization of the Petroleum Exporting Countries (OPEC) and their non-OPEC allies began a few minutes ago via video conference.
The 23 member countries of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) did not change the goal of reducing daily production by…
Venezuela’s state oil company PDVSA signed contracts with the American oil company Chevron on Friday, media have reported.
Venezuela’s oil minister Tareck El Aissami…
An Iranian-flagged tanker on Friday delivered an oil shipment to Syria which the United States had previously confiscated around Greece, a ship tracker said.
The presidency of the Organization of the Petroleum Exporting Countries (OPEC) and its board of governors were entrusted to Equatorial Guinea and Kuwait, respectively.
The oil ministries of the Islamic Republic of Iran and Iraq announced their agreement to establish a joint oil working group.
Following several…
OPEC+ is likely to stick to its current oil output target when it meets on Sunday, two OPEC+ sources said on Friday, although some say a further…
Iranian Oil Minister Javad Oji discussed the latest developments in the oil market in a phone conversation with his Venezuelan counterpart Tareck El Aissami, Shana reported on…
The European Union has asked its 27 member states to back a $60 per barrel price cap on Russian oil, the Wall Street Journal reported on Thursday,…
OPEC+ is widely expected to stick to its latest target of reducing oil production by 2 million barrels per day (bpd) when it meets on Sunday, but…
Iranian President Ebrahim Raisi has said his country is seeking expansion of energy ties with neighbor Iraq, Shana reported.
Raisi made the remarks in…
The Iranian Ministry of Petroleum has released a list of the companies applying for activities in the field of exploration and production (E&P).
According…
The Iranian Ministry of Petroleum (MOP) has launched its office in Baghdad, Iraq.
Seyyed Abbas Beheshti, the representative of the Ministry of Petroleum…
The Deputy Director of the Atomic Energy Organization of Iran (AEOI) said: “This technical know-how of lightening heavy crude oil with atomic radiation will be unveiled at…
The deputy CEO of Khatam Oil, Gas and Petrochemical Holding affiliated with Khatam al-Anbia Construction Headquarters has announced that a Russian company has agreed to develop the…
The existence of huge oil and gas resources and related infrastructure and easy access to high seas are among the myriad advantages of Iran that have boosted…
The global oil market is signaling a potential shift, as traders and analysts worry about reduced crude demand and an oversupplied market in the coming months.
Oil prices fell close to their lowest this year on Monday as street protests against strict COVID-19 curbs in China, the world’s biggest crude importer, stoked concern…