Oil prices rose on Friday but are set to fall for a third week amid signs of slowing demand and as market attention turns to a key meeting of OPEC and its allies this month which will determine the group's next move on production.
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Iraq, currently dependent on Iran for gas and electricity, is seeking to develop its own gas supply as well as import gas from Turkmenistan.
OPEC+ crude oil output grew 180,000 b/d in October, the latest Platts survey by S&P Global Commodity Insights found, adding supply pressures to flagging market sentiment, as Iran and Iraq led the group's production higher.
China's oil imports from Iran have hit record highs as Iran ramps up output despite the threat of further U.S. sanctions.
The President of Iran met and talked with his Turkish counterpart on the sidelines of the 16th ECO Economic Cooperation Organization meeting.
RoydadNaft – India’s plans of energy security with more natural gas in the energy mix will get a boost in the near future, as new…
RoydadNaft – Canada and other major fossil-fuel-producing countries are failing to meet targets to keep global warming in check, putting the world’s energy transition at…
RoydadNaft – International oil companies operating in Iraq’s semi-autonomous region of Kurdistan will not produce oil for pipeline exports until the issue of overdue payments…
Oil prices edged up on Thursday as markets shrugged off deflationary indicators in China and looked for further clues on the status of demand from the world's two biggest oil consumers.
RoydadNaft – Head of Iran’s Civil Servants Pension Fund (CSPF) Mehdi Maskani has appointed Ali Ahmadi as the CEO of the National Iranian Tanker Company.
RoydadNaft – The Director of Exploration of National Iranian Oil Company said: The presence of oil shale in Qalikouh region of Aligudarz is a…
Yesterday, the president arrived in Tajikistan to conduct negotiations, a country that can bring potential for Iran in the field of energy, and according to the former representative of Iran in OPEC, every step in the field of energy diplomacy is in the interest of Iran.
RoydadNaft – India saved roughly $2.7 billion by importing discounted Russian oil in the first nine months of this year, according to calculations based on…
RoydadNaft – State-run explorer Oil India on Wednesday reported an over 80% drop in second-quarter profit as it set aside 23.63 billion rupees for an ongoing…
Oil prices slid more than $1 on Wednesday to their lowest in more than three months on concern over waning demand in the United States and China.
RoydadNaft – The Iranian Gas Engineering and Development Company (IGEDC) is for the first time in the Middle East implementing an undersea gas pipeline…
Canadian oil producer Crescent Point Energy said on Monday it has agreed to acquire Hammerhead Energy in a cash and stock deal valued at C$2.55 billion ($1.86 billion) to boost its presence in the Montney shale play in Alberta.
RoydadNaft – Japan will make sure its energy supplies are not affected by sanctions the United States recently imposed on the Arctic LNG 2 project…
Oil prices hit fresh 2-1/2-month lows on Tuesday as mixed economic data from China offset the impact of Saudi Arabia and Russia extending output cuts.
RoydadNaft – Saudi Aramco on Tuesday reported a 23% fall in third-quarter net profit on the back of lower oil prices and volumes sold, marginally…