The head of Moscow-controlled Crimea on Monday said that Ukraine has fired on oil drilling platforms off the coast of the peninsula that was annexed by Russia…
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The leader of a Norwegian oil workers’ union said on Monday a wage deal struck with oil companies “had a lot of good things” and that he…
Oil prices swung higher in volatile trading on Monday, as traders focused on tight supplies over slowing global economic growth.
Brent crude futures settled…
The agreement on oil and gas cooperation was signed by the CEO of the National Iranian Oil Company in the presence of the Presidents of Iran and…
The common objective of the Organization of the Petroleum Exporting Countries and its non-OPEC partners has always been to maintain oil market stability, not to raise prices…
Russia’s Deputy Prime Minister announced the possibility of continuing cooperation with the OPEC-Plus coalition.
According to Reuters, Alexander Novak said on Thursday (June 16)…
Oil prices tumbled about 6% to a four-week low on Friday on worries that interest rate hikes by major central banks could slow the global economy and…
Oman’s Sultan Haitham bin Tariq meets with U.S. Secretary of State Mike Pompeo (not pictured) at al-Alam palace in Muscat, Oman February 21, 2020. Andrew Caballero-Reynolds
In May, the US State Department allowed Italian companies Eni and Spain’s Repsol to start importing Venezuelan crude in exchange for billions of dollars in debt. So…
The United States is selling 45 million barrels as part of a concerted plan to release crude oil reserves.
As part of a plan…
In its latest monthly report, the OPEC Secretariat maintained its forecast that oil demand in 2020 will exceed pre-Corona levels.
According to Reuters from…
Libya’s crude oil production reached 100,000 barrels per day following the closure of the country’s production and export facilities.
According to Reuters from Tripoli,…
Brent crude rose to more than $ 121 a barrel amid concerns over fuel demand and decisions to raise interest rates in the United States.
Russia earned nearly $100bn (£82.3bn) from oil and gas exports during the first 100 days of the war in Ukraine, according to a report.
UK supermajor BP is taking over operatorship of the US$36 billion Asian Renewable Energy Hub (AREH) in the Pilbara Western Australia, which the company is hailing as…
The latest OPEC monthly report showed that Iran’s heavy oil prices rose 8.7 percent last month.
The price of a barrel of Iranian heavy…
Vienna, Austria, 14 June 2022–The price of OPEC basket of thirteen crudes stood at $120.66 a barrel on Monday, compared with $123.19 the previous Friday, according to…
An Iran-flagged tanker carrying about 1 million barrels of crude from the Middle Eastern country arrived in Venezuelan waters over the weekend, according to a shipping document…
Iranian Oil Minister Javad Oji met with Venezuelan President Nicolas Maduro at Saadabad Palace on Monday, June 14, to discuss bilateral relations.
MohammadSadegh Razmi-…
Crude oil prices fell in trading today (Monday, June 23) following Beijing warnings of escalating Covid-19 virus outbreaks and concerns about inflation.
Oil prices…