Oil prices are on course for their fourth consecutive weekly gain, with WTI trading above $82 and Brent trading above $86.
In its latest…
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Oil prices fell a dollar a barrel on Thursday, as an OPEC report stoked summer demand worries and traders took profits after benchmarks scaled multi-month highs in…
Oil prices were stable on Thursday as the market weighed the prospect of tight supply against possible recession in the United States, the world’s largest oil consumer.
Oil products shipments from TotalEnergies’ Donges and La Mede refineries were disrupted on Thursday, a company spokesperson said, with 20% of operational staff having joined strike action…
One of the world’s biggest challenges is slashing emissions before it’s too late. In fact, we’ve only got until 2050 in order to avoid some of the…
Iranian Oil Minister Javad Owji has traveled to Venezuela to discuss ways to “strengthen energy relations” between the two friendly nations, according to the Latin American country’s…
Political pressure is building within the European Union to tackle the daunting challenge of closing a loophole in its efforts to stop using Russian fossil fuels: liquefied…
Malaysia’s national oil company Petroliam Nasional Berhad aims to restart a gas pipeline currently under force majeure by the first quarter of 2024, a senior company executive…
Oil prices steadied Wednesday as the market waited for U.S. inflation data later in the day that will likely influence the Federal Reserve’s policy on interest rate…
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…
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…