OPEC Secretary General Haitham Al Ghais said on Thursday the International Energy Agency (IEA) should be “very careful” about discouraging investment in the oil industry, which was…
NEWS Feed Atom
In early February, Chief Allan Adam of the Athabasca Chipewyan First Nation in northern Alberta started fielding calls from community members after the provincial regulator revealed toxic…
Europe needs to keep cutting natural gas consumption due to the lack of Russian pipeline supply.
There are concerns about potential competition from Asia…
Oil and gas producer Cenovus Energy Inc CVE.TO reported a fall in first-quarter profit on Wednesday, hurt by lower oil prices.
Crude oil prices were volatile…
PetroChina International Co Ltd said it has signed a sales and purchase agreement with Malaysia’s Petronas to buy liquefied natural gas (LNG).
The deal,…
Oil prices slipped on Wednesday, extending sharp losses from the previous session, even after a report showed that U.S. inventories fell last week, as the market took…
Iran’s oil minister here on Wednesday said projects worth $2.2 billion will be inaugurated during President Seyyed Ebrahim Raeisi’s visit to Khuzestan Province, southwestern Iran, in the…
The managing director of the Persian Gulf Hoveyzeh Gas Refining Company announced on Tuesday that an associated petroleum gas (APG) collection plant in Khuzestan Province, southwestern Iran,…
One of the most troubled countries in the world, Venezuela is also the country with the world’s largest oil reserves.
Not all major oil…
Global refining margins have halved since February as Russian crude exports remain elevated despite sanctions, boosting fuel output from China and India, Reuters has
Oil slipped on Tuesday after two sessions of gains as uncertainty about the global economic outlook and a firmer dollar countered investor optimism about demand in China…
More than 1,500 Iranian and Foreign companies will participate in the 27th Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2023), which will be…
Iran’s deputy oil minister for international affairs and trade here on Monday said a high-ranking delegation from Russia will visit Tehran to sign cooperation documents.
OPEC’s share of India’s oil imports fell at the fastest pace in 2022/23 to the lowest in at least 22 years, as intake of cheaper Russian oil…
Russia’s oil output this year is on course to top 480 million tonnes, or about 9.6 million barrels per day (bpd), a Russian government source familiar with…
The value of export from Pars Special Economic Energy Zone (PSEEZ) in the southwestern Bushehr province increased by 31 percent in the past Iranian calendar year 1401…
Tehran will host 14th Iran Petrochemical Forum (IPF) on May 1-2, which is a great step toward completing the value chain in the country’s petrochemical industry, the…
Oil prices were steady on Monday as concern over rising interest rates, the global economy and the outlook for fuel demand were balanced by the prospect of…
The managing director of Iran’s National Petrochemical Company (NPC) on Monday announced that one petrochemical project will be inaugurated on average each month of the current Iranian…
A drilling rig was erected off Lavan Island, the Persian Gulf, another step toward boosting oil output, said an Iranian Offshore Oil Company (IOOC) official Monday.