Iran’s Oil Minister Javad Owji on Wednesday said unity between member states of OPEC and OPEC+ alliance has led to producers’ desirable consensus on supply and stability of world market and prices.
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Iranian Oil Minister Javad Owji is welcomed by Iranian Ambassador to Moscow Kazem Jalali at the Sheremetyevo International Airport in Moscow, the capital city hosting the 6th Russian Energy Week International Forum.
India wants Saudi Arabia's Aramco to participate in its planned 6.5 million metric tons (MMT) strategic petroleum reserve (SPR) programme as the South Asian nation wants to strengthen ties with its key oil supplier, according to a document seen by Reuters.
Russian President Vladimir Putin said on Wednesday that coordination by the OPEC+ group of leading oil producers would continue to ensure predictability on the oil markets.
Oil prices fell on Wednesday, as fears of disruption to supplies due to conflict in the Middle East receded a day after top OPEC producer Saudi Arabia pledged to help stabilise the market.
Saudi Arabia and Russia, the world's top two oil exporters, on Wednesday discussed the situation on the oil market and prices amid the escalating conflict between Israel and Hamas, President Vladimir Putin's top oil official said.
Iranian Oil Minister Javad Owji arrived in Moscow on Wednesday to take part in the 6th Russian Energy Week International Forum.
Iran’s Oil Minister Javad Owji on Wednesday said oil and gas talks will be held with Russian companies on the sidelines of the 6th Russian Energy Week International Forum in Moscow.
Russian President Vladimir Putin hosted Iraqi Prime Minister Mohammed Shia al-Sudani in the Kremlin on Tuesday and praised cooperation between their countries at the OPEC+ group of top oil producers, saying it had helped to stabilise energy markets.
Oil prices eased on Tuesday after rallying more than 4% in the previous session, with traders cautious as they watched for potential supply disruptions amid military clashes between Israel and the Palestinian Islamist group Hamas.
Chinese oil refineries are confident that flows from the Islamic Republic of Iran will continue despite the recent conflict between Hamas and Israel, betting Washington will seek to avoid a surge in global crude prices.
Iran’s Parliament on Monday gave permission to the Oil Ministry for participation in foreign refinery construction projects.
Iran has surpassed regional countries in oil and gas exploration since the 13th administration took office two years ago, said the National Iranian Oil Company (NIOC) managing director.
The United Arab Emirates is refashioning state-owned Abu Dhabi National Oil Company (ADNOC) in the image of an international oil major by stepping up its global expansion and finding new revenue streams to maximise earnings for the Gulf state.
OPEC raised its world oil demand forecasts for the medium and long term in an annual outlook, and said $14 trillion of investment is needed to meet this demand even as renewable fuel use grows and more electric cars take to the road.
Oil prices surged more than 3% on Monday as military clashes between Israel and the Palestinian Islamist group Hamas ignited fears of a wider conflict in the Middle East.
A member of Iran’s Parliament said the country’s oil exports have surged despite sanctions.
Line fill on the Trans Mountain oil pipeline expansion will start in the first quarter of 2024 and take about six to seven weeks to complete, the Canadian government-owned corporation building the project said on Friday.
Biden's new five-year plan offers just three offshore oil drilling sales, the lowest since the initiation of such plans in 1980.
RoydadNaft – An expert with the Kepler International Institute has said that Iran needs a more complete agreement with the US to approach the…