Iranian President Seyed Ebrahim Rayeesi in a meeting with his Russian counterpart Vladimir Putin underlined the need for the two countries to support strengthening the North-South corridor,…
OIL Feed Atom
Oil prices sank about 2% on Thursday as OPEC+ confirmed it would only increase output in August as much as previously announced despite tight global supplies, but…
Oil prices are expected to stay above $100 a barrel this year as Europe and other regions struggle to wean themselves off Russian supply, a Reuters poll…
OPEC and OPEC+ began two days of meetings on Wednesday with sources saying a big policy change was unlikely this month.
At its last…
Oil prices gained for a fourth straight session on Wednesday as data showed a drawdown in U.S. crude stockpiles, adding to ongoing worries of tight supply, which…
CEO of Iran’s Ports and Maritime Organization (PMO) Ali Akbar Safayee said that the tanker which was carrying the country’s oil and was confiscated by Greece two…
PetroChina may sell out from natural gas projects in Australia and oil sands in Canada to stem losses and divert funds to more lucrative sites in the…
OPEC’s oil revenue surged in 2021 as prices and demand recovered from the worst of the COVID pandemic, while the number of its members’ active rigs posted…
According to some media sources, G7 leaders are expected to discuss a revival of the Iran nuclear deal – which might lead to more Iranian oil exports.
France wants sanctions-hit Iran and Venezuela to return to the oil markets to ease the pressures from Russian sanctions that has spiked prices, a French presidency official…
Oil prices edged higher on Monday in a volatile session as investors waited for any moves against Russian oil and gas exports that might come out of…
The Iranian oil ministry announced that the average gas production in the country’s fields surpassed 1,000 million cubic meters per day.
MohammadSadegh Razmi- Production…
The heads of France’s big energy companies on Sunday urged individuals and businesses to limit power consumption immediately to prepare for a looming energy crisis.
Leaders of the Group of Seven rich democracies are having “very constructive” discussions on a possible cap on Russian oil imports, a German government official said on…
The Organization of the Petroleum Exporting Countries (OPEC) will launch the 2022 edition of its Annual Statistical Bulletin (ASB) on Tuesday, 28 June 2022, at 10:00…
OPEC and allied producing countries including Russia will likely stick to a plan for accelerated oil output increases in August, sources said, hoping to ease surging oil…
One of southern Russia’s largest oil refineries was struck by an apparent drone attack Wednesday, setting off a massive fire, authorities and media reported.
Pakistan’s energy minister, accompanied by that country’s ambassador to Tehran and Iran’s consultant energy minister, visited Iran’s macro-scale MAPNA Industrial Group and was briefed about its…
Tehran, IRNA – The vice president and the head of the Plan and Budget Organization of Iran announced here on Wednesday that selling oil today has become…
Newly elected Colombian President Gustavo Petro, centre, celebrates next to his wife Veronica Alcocer and his running mate Francia Marquez in Bogota, on Sunday after winning the…