When French President Emmanuel Macron whispered in Joe Biden’s ear last month that top global oil exporter Saudi Arabia has very little additional capacity to increase output,…
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Iranian Oil Minister Javad Owji said that the country’s giant oilfield, Azadegan, will have the capacity to produce 570,000bpd of crude after development in the next 7…
Oil prices surged on Thursday, rebounding from steep losses the previous two sessions, as investors returned their focus to tight supply despite nagging fears of a potential…
TotalEnergies has agreed to transfer its remaining stake in Russia’s Kharyaga oil field to the country’s state producer Zarubezhneft, the French company told Reuters, in its first major…
The United States on Wednesday imposed sanctions on a network of Hong Kong, Emirati and other companies that it accused of helping to deliver and sell Iranian…
Oil prices slid about 2% to a 12-week low in volatile trade on Wednesday, extending Tuesday’s heavy losses as investors grew more worried energy demand would take…
Iran has invested 7 billion dollars in a 7-year integrated development plan for Azadegan joint oilfields that will bring $14 billion extra revenue on a yearly basis…
Russia’s former president Dmitry Medvedev said Tuesday the oil prices could increase above $300-$400 a barrel if Japan caps the price of Russian oil at around half…
Iranian Oil Minister Javad Owji announced that the project for the development of Azadegan joint oilfield in the Persian Gulf will become operational with a 7-billion-dollar funding…
The oil and gas industry is “under siege” due to years of under-investment, the OPEC Secretary General Mohammad Barkindo said on Tuesday, adding the resulting supply shortage…
Norwegian offshore oil and gas workers went on strike over pay on Tuesday, the first day of planned industrial action that could cut the country’s gas exports…
Oil plummeted by about $10 a barrel on Tuesday on concerns of a looming global recession curtailing demand, even with expected supply disruptions as oil and gas…
Moscow and Caracas will continue to expand their cooperation in the oil sector, and are working on a new agreement to circumvent Western sanctions in finance and…
Oil rose on Monday as supply concerns driven by lower OPEC output, unrest in Libya and sanctions on Russia outweighed fears of demand-sapping global recession.
Iran dispatched another oil tanker to Syria in line with the two countries’ policy of expansion of economic and trade relations and after finalization of a credit…
A planned strike next week by Norwegian energy sector workers could cut the country’s gas output by 292,000 barrels of oil equivalent per day, or 13% of…
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…
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…