Brent oil futures steadied above $90 a barrel on Monday after topping that level on Friday, as investors waited to see if the Israel-Hamas conflict escalates further.
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Oil Minister Javad Owji on Monday expressed Iran’s readiness to promote cooperation with Belarus in the oil, gas, and petrochemical sectors.
The Strait of Hormuz, in Iranian waters, is one of the biggest oil chokepoints in the world. Iran's Foreign Minister, Hossein Amir-Abdollahian, said this week that "other fronts" might open in the Israel-Hamas war. Saudi Arabia, which has been recently working on a deal to build diplomatic relations with Israel, has refrained from taking a side.
The gap between two leading oil forecasters' views on 2024 demand growth widened on Thursday, with the International Energy Agency (IEA) predicting a sharper slowdown while producer group OPEC stuck to expectations for buoyant China-led growth.
Head of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) has said there is more than $200 billion of pending investment in the country’s oil industry, the ICCIMA portal reported.
Saudi Energy Minister Prince Abdulaziz bin Salman said in a Russian TV interview that it was necessary to be "proactive" on the oil market and attempt to bring stability to it, while adding that oil producers do not target prices.
OPEC’s crude oil production witnessed a noticeable uptick in September as compared to August, as per the latest data released in the Monthly Oil Market Report (MOMR) published by the organization.
Moscow and Baku are discussing the possibility of Russian oil supplies to Azerbaijan via the Baku-Tikhoretsk oil pipeline in reverse mode, the Russian government announced late on Thursday.
The Canada Energy Regulator (CER) said on Thursday it will make a preliminary decision on Trans Mountain Corp's proposed shipping tolls for its oil pipeline expansion project this autumn, before holding a hearing on the tolls next year.
Oil prices leapt $3 on Friday after the U.S. tightened its sanctions programme against Russian crude exports, raising supply concerns in an already tight market, with global inventories forecast to decline through the fourth quarter.
The U.S. has not given Iran the green light for selling its crude oil and the country has its own customers, said Iran’s oil minister on Friday.
Iran’s oil minister on Thursday said Tehran-Moscow cooperation paves the way for progress of not only the two countries, but also regional states.
Iran’s Institute for International Energy Studies (IIES) and Russia’s Roscongress Foundation sign a memorandum of understanding (MoU) on bilateral cooperation in Moscow on Thursday.
RoydadNaft – Environmental group Greenpeace on Thursday said it has filed a complaint against Suncor Energy with the Alberta Securities Commission (ASC), arguing that Canada’s…
Saudi Energy Minister Prince Abdulaziz bin Salman said in a Russian TV interview that it was necessary to be "proactive" on the oil market and attempt to bring stability to it, while adding that oil producers do not target prices.
RoydadNaft – Canada faces an uphill battle to recoup the roughly C$35 billion ($25.74 billion) in taxpayers’ money it has sunk into the Trans Mountain…
Oil prices rose about 1% on Thursday, reversing earlier falls, on expectations that U.S. interest rates had peaked, but a lower demand growth forecast for next year from the International Energy Agency and higher U.S. inventories limited further gains.
The Iranian and Syrian oil ministers on Thursday stressed the need for promoting bilateral cooperation in the energy sector.
Iranian Oil Minister Javad Owji pays a visit to Moscow to attend the 6th Russian Energy Week International Forum and hold talks on the expansion of bilateral talks. Owji meets Russian Deputy Prime Minister Alexander Novak and Russian energy giant Gazprom CEO Alexei Miller on October 11, 2023.
Iran’s Oil Minister Javad Owji and Belarusian Minister of Industry Rogozhnik Alexander Nikolaevich hold talks in Tehran on October 10, 2023.