The Biden administration opened the door to selling new oil and gas drilling leases in the Gulf of Mexico and Alaska in a move likely to anger…
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An Iranian-flagged tanker seized by Greece in April, part of whose cargo was confiscated by the United States, was being towed to the port of Piraeus on…
Jeopardizing energy security and heightening market volatility have borne lose-lose outcomes for all players, Iranian Minister of Petroleum said on Friday, adding global oil market needs an…
A report released by the Organization of the Petroleum Exporting Countries (OPEC) indicates that Iran has earned more than $25 billion in revenue from oil exports…
OPEC in June did not deliver on an oil output increase pledged under a deal with allies, a Reuters survey on Friday showed, as involuntary declines in…
Oil prices rose about $2 a barrel on Friday, recouping most of the previous session’s declines, as supply outages in Libya and expected shutdowns in Norway outweighed…
The 30th OPEC and non-OPEC Ministerial Meeting was held via videoconference on 30 June 2022. In view of current oil market fundamentals and the consensus on…
Joe Biden’s July trip to the Middle East is poised to be a significant moment for gasoline prices, with the US president setting his sights on a…
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 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…