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.
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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.
Iranian Oil Minister Javad Owji inaugurated the first phase of a refining project in Mohr, a county in southwestern province of Fars on Friday.
Iran’s deputy oil minister for international affairs and trade on Thursday said an Iranian knowledge-based company exported various types of catalysts worth some $9 million in the first six month of the current Iranian calendar year (starting March 21, 2023).
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.
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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.
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India has invited bids for licences to supply natural gas to households, automobiles and small industries in five northeastern states and two union territories, its gas regulator said on Thursday.
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.
Iranian Oil Minister Javad Owji on Wednesday welcomed Russian President Vladimir Putin’s remarks on increasing energy exchanges between the two countries in his address to the 6th Russian Energy Week International Forum.
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.
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.
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.