Iranian Oil Minister Javad Owji said Tehran and Baghdad have agreed to extend the contracts on Iran’s gas exports.
He added the two deals…
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Sour crude oil supplies for U.S. Gulf Coast oil refiners will be squeezed in coming weeks, market participants said, as global demand rises following this month’s OPEC+…
Aramco is betting on boosting its natural gas production and plans to develop Jafurah, the largest non-associated gas field in Saudi Arabia.
The world’s…
Iran’s crude oil production increased 48,000 barrels per day (bpd) in April to reach 2.63 million bpd, according to OPEC’s latest monthly report Published on Thursday.
Iran’s policy in Iraq after Saddam Hussein’s regime has been to strengthen bilateral cooperation in all fields including political, economic, and security.
Unfortunately, due…
China has dramatically increased use of the yuan to buy Russian commodities over the past year, with nearly all of its purchases of oil, coal and some metals now…
Russia’s Deputy Energy Minister Pavel Sorokin held a call this month with Western analysts about country’s oil production, trying to convince them that Russia had reduced output…
Oil prices dropped on Thursday as a political standoff over the U.S. debt ceiling triggered recession jitters in the world’s biggest oil consumer, where rising jobless claimed…
Natural gas prices are also expected to climb in the second half of 2023, which could spell trouble for Europe as it has failed to secure sufficient…
Iran’s Oil Minister Javad Owji and his Iraqi counterpart Hayan Abdel-Ghani here on Wednesday signed a memorandum of understanding (MoU).
Based on the MoU…
The combination of higher operating costs, increased interest rates, and a drop in both oil and gas prices suggests the good times may soon be at an…
Oil prices fell on Wednesday, ending a three-day rally as an unexpected rise in U.S. oil inventories sparked demand concerns and investors waited for inflation data for…
Saudi Aramco has told customers in North Asia they will receive full volumes of crude oil that they have requested in June, several sources with knowledge of…
Turkey has deferred payment to Russia of a $600 million natural gas bill to 2024, two sources said on Wednesday, the first such postponement under a deal…
Iran’s Oil Minister Javad Owji arrived in Baghdad on Wednesday to promote his country’s cooperation with Iraq in the energy sector.
Heading a delegation,…
Iran-Iraq Joint Supreme Committee held a meeting on Tuesday to discuss the expansion of bilateral ties in the oil sector.
The session was held…
Iran’s oil minister on Tuesday said accidents in the oil industry have been reduced 35 percent during the past 15 years.
Javad Owji made…
But there are plenty of bullish factors on the horizon, including falling U.S. inventories, growing Chinese demand, and slowing U.S. production growth.
On Friday,…
Chilean state oil company National Petroleum Company (ENAP) said on Monday it has signed a temporary agreement with Argentine oil firm YPF to import crude through the…
Dozens of Democratic lawmakers on Monday called on the Biden administration to consider the climate and environmental justice impacts of the expansion of the liquefied natural gas…