Ravil Maganov, the chairman of Russia’s second-largest oil producer Lukoil (LKOH.MM), died on Thursday after falling from a hospital window in Moscow, two sources familiar with the situation…
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Oil prices tumbled about 3% on Thursday, as new COVID-19 lockdown measures in China added to worries that high inflation and interest rate hikes are denting fuel…
The oil market will have a small surplus of just 0.4 million bpd in 2022, much less than forecast earlier, according to OPEC+, due to underproduction of…
Oil prices extended their slide on Wednesday, led lower by worries that the global economy would slow further with renewed restrictions to curb COVID-19 in China.
Oil prices fell more than $6 a barrel on Tuesday, the steepest decline in about a month, on fears that an inflation-induced weakening of global economies would…
The development of collaborations between the National Iranian Oil Company (NIOC) and Iran Energy Exchange (IRENEX) has ended up in a remarkable increase in the country’s export…
Oil prices rose more than $3 a barrel on Monday, extending last week’s gain, as potential OPEC+ output cuts and conflict in Libya helped to offset a…
Iranian Minister of Finance and Economic Affairs Ehsan Khandouzi said on Sunday that the country’s oil revenues have considerably increased compared to the last year, despite unrelenting…
The U.S. Energy Secretary urged domestic oil refiners this month to not further increase exports of fuels like gasoline and diesel, adding that the Biden administration may…
Referring to the energy potential of Iran and Nigeria, the Iranian oil minister expressed hope that cooperation in the field of energy will increase between the two…
Tehran is ready to increase its oil exports immediately after the sanctions are removed, Iranian Minister of Petroleum Javad Owji said on Friday, noting that in the…
The United States had constructive discussions with Indian officials on a proposal to cap prices of Russian oil, U.S. Deputy Treasury Secretary Wally Adeyemo said on Friday,…
Oil prices fell on Friday, after the head of the U.S. Federal Reserve warned there is no quick cure for inflation, while talk of a hefty European…
Iranian Oil Minister Javad Owji said Russia is leading the development projects of seven oil and gas fields in the country, and added that Tehran and Moscow…
Oil prices eased on Thursday in volatile trade as investors braced for the possible return of sanctioned Iranian oil exports to the market and on worries that…
The CEO of the National Iranian Oil Company (NIOC) said the development of the fields of Khami Group were to be developed with an investment of 5.5…
An Iranian knowledge-based company has unveiled a Christmas Tree with a working pressure of 15,000 psi (pound per square inch).
Iranian Minister of Petroleum…
Iran’s Minister of Petroleum Javad Owji on Wednesday urged Iran-Russia agreements to be put into operation.
Owji met and held talks with Russian Presidential…
Under pressure from Western sanctions, Russia is exporting more fuel oil to Asia and using ship-to-ship transfers to build larger cargoes for distant markets, according to traders…
Benchmark Brent oil held above $100 a barrel on Wednesday after Saudi Arabia suggested this week that OPEC could consider cutting output, though bearish economic signals from…