OPEC is not planning to hold an extraordinary meeting or take any immediate action after Iran's foreign minister called on members of the Organisation of Islamic Cooperation (OIC) to impose an oil embargo and other sanctions on Israel, four sources from the producer group told Reuters.
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An oil tanker that the U.S. government imposed sanctions on for recently carrying Russian oil above the Western price cap is proceeding to the Baytown refinery in Texas for unloading, Exxon Mobil said on Tuesday.
German gas grid operator Open Grid Europe (OGE) is joining its French, Spanish and Portuguese peers working to develop a multibillion-euro hydrogen pipeline connecting the Iberian peninsula to France and on to Central Europe, Chief Financial Officer Frank Reiners said on Wednesday.
Global oil benchmark Brent hit $93 a barrel on Wednesday as the risk of escalating conflict in the Middle East threatened to disrupt oil supplies from the region, with Iran calling for an oil embargo to be imposed on Israel.
Indian shares declined on Wednesday as Bajaj Finance led a slide in financials after disappointing results and due to nagging concerns about elevated oil prices and U.S. interest rates as well as the Middle East conflict.
Iran and Belarus signed a document on cooperation in the oil sector in the Belarusian capital Minsk on Tuesday.
RoydadNaft – Canada’s second-largest oil producer, Suncor Energy, told Canadian lawmakers on Monday that the company remains committed to cutting carbon emissions, after its CEO’s…
As Tokyo scrambled to respond to Hamas attacks on Israel this month, Japanese officials found themselves debating a perennial fear: what does it mean for the resource-poor nation's oil lifeline from the Middle East?
The chief executive of Vitol, the world's top independent energy trader, said on Tuesday that some of the lost demand for gas in Europe following a recent spike in prices may be gone for good.
Oil steadied on Tuesday after sliding more than $1 the day before ahead of a trip by U.S. President Joe Biden to the Middle East that is likely to involve balancing support for Israel with containing a regional escalation of its war with Hamas.
Iran’s petrochemical production in the first six months of the current Iranian calendar year (March 21-September 22) has risen seven percent compared to the same period of time in the past year, according to an official in the National Petrochemical Company (NPC).
Iran’s Oil Minister Javad Owji is accompanying First Vice President Mohammad Mokhber on a trip to Belarus on Tuesday.
Iran’s oil production will increase to 3.5 million barrels per day from 3.3m bpd by the end of the current Iranian calendar year (March 19, 2024), said the National Iranian Oil Company (NIOC) managing director on Monday.
Saudi Arabia's crude oil exports in August hit their lowest level in 28 months as they fell for a fifth straight month, data from the Joint Organizations Data Initiative (JODI) showed on Monday.
Iraq has launched three energy contracts with UAE-based Crescent Petroleum to develop three oil and gas fields in Iraq, the oil ministry said on Sunday.
Oil production at the Azeri-Chirag-Gunashli field block operated by BP in Azerbaijan fell to 13.5 million metric tons in January-September 2023 from 15 million metric tons in the first nine months of 2022, the country's Energy Ministry said on Monday.
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.
Oil Minister Javad Owji on Monday expressed Iran’s readiness to promote cooperation with Belarus in the oil, gas, and petrochemical sectors.
RoydadNaft – Iran’s petrochemical production will reach around 78 million tons by the end of the current Iranian calendar year (March 19, 2024), said the…
Since the start of the Ukrainian conflict, Russia, a leading global oil producer, has cemented its energy ties with China, the world's No. 2 oil consumer after the United States.
