RoydadNaft – The National Iranian Oil Company (NIOC) managing director opened up an opportunity for $250 billion investment in the upstream and downstream sectors within…
OIL Feed Atom
RoydadNaft – U.S. crude oil production hit a monthly record in August 2023, with an average output of 13.05 million barrels per day, breaking the…
Iran is ready to export technical and engineering services in the oil, gas, and petrochemical sectors, said First Vice President Mohammad Mokhber in the Chinese city of Shanghai on Sunday.
The U.S. House of Representatives easily passed a bill on Friday to bolster sanctions on Iranian oil in a strong bipartisan vote.
RoydadNaft – Canada energy infrastructure company Enbridge Inc on Friday reported third-quarter profit that topped analysts’ estimates and said it sees further opportunities for…
RoydadNaft – India’s Russian oil imports eased in October after discount prices narrowed, although supply from Saudi Arabia rose, according to preliminary data from ship…
RoydadNaft – Russia’s energy ministry said on Friday it expects the country’s exports of crude oil and petroleum products to fall in November by more…
Oil prices were little changed on Friday, but headed for a second week of losses as supply concerns driven by conflict in the Middle East eased, while the demand outlook from the world's top crude importer China remained uncertain.
Indian refiners can process Venezuelan oil and the nation may buy it provided that it is available cheaply, India's oil minister said on Wednesday, days after the U.S. temporarily lifted sanctions on OPEC member Venezuela's oil sector.
Oil gained 1% on Thursday to snap its three-day decline, as risk appetite returned to financial markets after the U.S. Federal Reserve kept benchmark interest rates on hold.
Iran oil proceeds topped $80 billion under lax sanctions enforcement.
With petroleum producers remaining disciplined and spending well below their cash flow levels, the Canadian sector should be in a healthy spot in 2024.
In October, India imported 1.55 million barrels per day (bpd) of crude oil from Russia, as against 1.62 million bpd in the previous month. Russian oil constituted almost 34 percent of total crude oil imports by India in the month.
Top oil exporter Saudi Arabia may keep the price for its flagship Arab Light crude little changed to Asia after five months of price hikes, as the market, rattled by geopolitical tensions, juggles supply uncertainty with declining demand.
Oil prices rose more than 1% on Wednesday ahead of the keenly watched meeting of the U.S. central bank for clues on interest rate policy, while the conflict in the Middle East remains in focus.
RoydadNaft – Iranian Oil Ministry has signed 12 deals worth $34 million with various knowledge-based companies over the past year, IRNA reported.
As reported, the National…
Iran's Supreme Leader Ayatollah Ali Khamenei called on Muslim states to cease oil and food exports to Israel, demanding an end to its bombardment of the Gaza Strip, state media reported.
Oil Minister Javad Owji on Wednesday announced that Iran’s oil production has reached 3.4 million barrels per day (bpd).
Indian Oil Corp Ltd (IOC) reported a profit for the second-quarter on Tuesday, compared to a loss year ago, as the country's top refiner benefited from higher refining margins.
Oil prices rebounded in Asian trade on Tuesday, after a drop of more than 3% in the previous session, as worries over supply stirred by conflict in the Middle East offset dismal China data.