Oil prices fell on Tuesday, relinquishing some of the strong gains of the previous two sessions with the market cautious ahead of U.S. inflation figures, which will…
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The United Arab Emirates’ energy minister Suhail al-Mazrouei said on Tuesday that additional voluntary output cuts by the OPEC+ producer group were implemented to balance the oil…
Saudi oil giant Aramco’s first quarter net profit dropped 19% from a year earlier to 119.54 billion riyals ($31.88 billion), it said on Tuesday, due to lower crude…
Iran’s crude oil production stood at 2.567 million barrels per day (bpd) in March, 8,000 bpd less than the figure for the previous month, according to OPEC’s…
The National Iranian Oil Company (NIOC) managing director on Monday said the country’s crude oil production has been increased by 600,000 barrels per day (bpd) under the…
Oil rose almost 3% on Monday as U.S. recession fears eased and some traders took the view that crude’s recent price slide was overdone with three straight…
Canada’s main oil-producing province Alberta on Saturday declared a provincial state of emergency due to wildfires, shutting in at least 145,000 of oil equivalent per day (boepd).
Saudi Arabia, the world’s top oil exporter, has cut the price of its June flagship crude to Asian buyers for the first time in four months, following…
Latin America, despite relatively unimpressive production levels, holds a significant portion of the world’s proved oil reserves.
Venezuela, once one of the major powerhouses…
Technical planning for development of Iran’s Arvandkenar oilfield near the border with Iraq has kicked off, an Iranian official has said.
Abdollah Azaari Ahvazi,…
Deputy Prime Minister Alexander Novak said Russia was abiding by its voluntary pledge to cut oil output by 500,000 barrels per day (bpd) from February until the…
Iran’s president on Sunday praised the “considerable” achievements in the country’s petrochemical, steel, and other industries.
Delivering speech at the opening ceremony of the…
Australia will change its Petroleum Resource Rent Tax (PRRT) to increase the tax paid by the offshore LNG industry, moves that should increase revenue by A$2.4 billion…
Iran and Syria signed a memorandum of understanding (MoU) and outlined a roadmap for cooperating in oil, gas, refining, and petrochemical sectors.
Accompanying President…
The managing director of the National Iranian Oil Company (NIOC) said the country’s oil and gas condensate exports have doubled since the 13th (Raeisi) administration took office.
The National Iranian Oil Refining and Distribution Company (NIORDC) managing director on Saturday said the operations of Shahid Soleimani Refinery-Integrated Petrochemical Plant project will begin this spring.
The Abu Dhabi National Oil Company (ADNOC) has informed at least three buyers in Asia that it will supply full contractual volumes of crude in July, steady…
Oil prices jumped on Friday but were set for a third straight week of losses after dramatic drops on fears over the economic impact of interest rate…
Iran’s president on Thursday voiced his country’s readiness to share its achievements in energy, oil, gas, petrochemical, electricity, scientific, and technological sectors with Syria.
The strong start to the year for Asia’s imports of crude oil came to a halt in April, with arrivals dropping to a seven-month low as top…