RoydadNaft – Suncor Energy on Wednesday said it would acquire French energy firm TotalEnergies’ Canadian operations for C$1.47 billion ($1.07 billion) to bolster its bitumen…
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RoydadNaft – Oil prices fell by more than $1 on Thursday, extending the previous session’s sharp losses as an uncertain demand outlook overshadowed any boost…
RoydadNaft – Kyrgyzstan plans to relaunch its Zhongda oil refinery in the city of Kara-Balta within two years, using oil provided by Iran, Russia and…
RoydadNaft – Deputy Oil Minister for Research Affairs Vahidreza Zeidifard has said that enemies of the Islamic Republic of Iran are constantly trying to infiltrate…
An OPEC+ ministerial panel that met on Wednesday made no changes to the group's oil output policy, after Saudi Arabia and Russia said they would keep voluntary supply cuts in place to support the market.
Indian oil refining giant Reliance Industries showcased its swappable and multipurpose battery storage technology for electric vehicles (EVs) on Wednesday, as it makes a big push on clean energy.
Oil fell on Wednesday, as pledges by Saudi Arabia and Russia to continue crude output cuts to the end of 2023 were offset by demand fears stemming from macroeconomic headwinds.
Iran’s oil minister said on Wednesday that three oil and one gas fields have been discovered since the 13th administration took office two years ago.
Top oil exporter Saudi Arabia may raise the price for its flagship Arab Light crude to Asia for a fifth straight month in November, underpinned by its prolonged voluntary output cut and resilient oil demand in the region.
India has invited French oil major TotalEnergies to bid for oil exploration rights in the country, as the world's third-biggest oil importer and consumer seeks to reduce its dependence on costly imports.
Oil prices stabilised on Tuesday, after falling to a three-week low in the previous session, on a stronger U.S. dollar, a darkening global macroeconomic outlook and mixed supply signals.
The Islamic Republic of Iran has managed to push its oil output to 3.15 million barrels per day (bpd), the highest since 2018, the year Washington re-imposed sanctions on Iran, according to Reuters surveys and separate figures from OPEC.
Iran’s oil minister on Monday said about $20 billion have been invested since the 13th administration took office two years ago to implement upstream and downstream projects.
The deputy CEO of the National Iranian Oil Company (NIOC) for supervising oil and gas production at joint fields put the average daily crude oil produced from each oil well in the country at 1,550.
Turkey will restart operations this week on a crude oil pipeline from Iraq that has been suspended for about six months, Turkey's Energy Minister Alparslan Bayraktar said on Monday.
Oil prices climbed $1 on Monday after suffering losses at the end of last week, as investors' focus returned to a tight global supply outlook while a last-minute deal that avoided a U.S. government shutdown restored some risk appetite.
OPEC oil output rose for a second straight month in September, a Reuters survey found on Monday, led by increases in Nigeria and Iran despite ongoing cuts by Saudi Arabia and other members of the wider OPEC+ alliance to support the market.
U.S. senators and Western media have confirmed the increase in Iran’s oil production and exports despite sanctions over the past two years, said Iranian Oil Minister Javad Owji on Saturday.
OPEC+ is unlikely to tweak its current oil output policy when a panel meets next Wednesday, four OPEC+ sources told Reuters, as tighter supplies and rising demand drive an oil price rally.
The Indian government increased windfall tax on petroleum crude, while reduced it on aviation turbine fuel and diesel, according to a government notification on Friday.