In its Short-Term Energy Outlook, the EIA said that it expects the global oil market to remain in surplus this year and next.
Despite…
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Iran’s gasoline consumption in the first 19 days of the Persian New Year (March 21 – April 8) shows a nine percent rise compared to figures from…
The managing director of South Pars Gas Complex (SPGC) announced that more than 110 million barrels of gas condensate were sent to Persian Gulf Star Refinery (PGSR)…
Kazakhstan has started arbitration proceedings against companies developing its Kashagan and Karachaganak oilfields over $13 billion and $3.5 billion respectively in costs deducted as part of profit-sharing…
Russia started fuel exports to Iran by rail this year for the first time after traditional buyers shunned trade with Moscow, according to three industry sources and…
The Central Bank of Iran (CBI) report showed a 15.4 percent economic growth in the country’s oil sector in the previous Iranian year, which ended on March…
Oil prices rose on Tuesday on expectations of potential economic stimulus by China, healthy demand in the rest of Asia and a drop in U.S. crude stockpiles.
The volumes of natural gas that Turkey has found so far in the Black Sea are worth in excess of $500 billion, Turkish Energy and Natural Resources…
The biggest losers will be Asia’s developed economies heavily dependent on oil imports.
The world’s biggest oil exporters will benefit from the surprise OPEC+…
State oil giant Saudi Aramco (2222.SE) will supply full crude contract volumes loading in May to several North Asian buyers despite its pledge to cut output by 500,000 barrels…
Gas consumption by domestic and commercial sectors in Iran increased by six percent in the past Iranian calendar year 1401 (ended on March 20), the head of…
Oil prices edged higher on Monday, after rising for three straight weeks, as looming supply cuts from Saudi Arabia and other OPEC+ producers offset concern about weakening…
Iran’s deputy oil minister Saturday said the country’s petrochemical industry earned $26 billion by selling its products in the year of 1401, which ended on March 20,…
Saudi Arabia’s stock market finished higher on Sunday, ending two sessions of losses, while the Egyptian bourse extended losses on rising inflation.
Saudi Arabia’s…
As the EU works to rebalance its gas supply away from Russia, African countries are expected to gain a larger share of the bloc’s liquefied natural gas (LNG)…
On April 9, 2023, shares of Northern Oil and Gas (NYSE:NOG) opened at $32.57, revealing an interesting trading day ahead for investors. With a current ratio of…
Iran exported 27 million tons of petrochemical products worth $16 billion in the previous Iranian calendar year 1401 (ended on March 20), the managing director of Iran’s…
Saudi Arabia, the world’s top oil exporter, has raised the prices of its flagship crude for Asian buyers for the third straight month.
The…
More that 1,300 offshore workers are to stage a 48-hour strike in a dispute over pay.
Unite warned that dozens of oil and gas…
Soaring oil prices have boosted the economies of MENA, leading to budget surpluses for some Gulf Arab states.
Gulf nations are diversifying their economies…