The Islamic Revolution Guards Corps (IRGC) and Iranian Intelligence Ministry seized a foreign ship carrying smuggled fuel in the Persian Gulf and detained all its crew.
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Energy prices went up sharply after February 24 when first Russian troops entered Ukraine. By late March 2022, it hit above $ 120.40 per barrel for Brent…
A $7 billion memorandum of understanding has been signed by National Iranian Oil Company (NIOC) and Iranian banks and E&P companies to develop the entire giant Azadegan…
The Russia-Ukraine war is not just a military conflict between Moscow and Kiev. Moreover, the consequences of the war are not limited to the geography of Europe….
Energy security has always been an especially sensitive issue in the economic policies of various governments of Pakistan. Although Pakistan’s economy mainly depends on agriculture which makes…
Germany’s difficulties in getting European partners to sign bilateral agreements on sharing gas in case of an emergency predate the current situation, the economy ministry said on…
Norway’s prime minister has again warned against a price cap on Norwegian gas sold to the European Union, arguing this would not solve Europe’s energy problems, newspaper…
Oil prices rose over 3% on Friday supported by real and threatened cuts to supply, although futures were set for a second weekly decline as aggressive interest…
Sanctions-battered Iran is projecting its energy resources as a possible alternative to Europe amid major cuts in Russian gas supplies to the continent in the wake of…
As Winston Churchill reportedly said in the 1940s as he was working to co-form what would become the United Nations: “Never let a good crisis go to…
Crude prices edged up about 2% on Thursday after dropping to a seven-month low in the prior session after Russia threatened to halt oil and gas exports…
Karoon Petrochemical Company has unveiled its fifth knowledge-based product, in cooperation with a knowledge-based company, which can save $10 million by meeting domestic needs.
Iranian Ambassador Mohammad Ali Hosseini on Tuesday offered his government’s support to complete Iran-Pakistan (IP) Gas Pipeline project and hinted to extend cooperation in other fields of…
Turkish media have reported that Turkey is negotiating with the USA in order to purchase and import Liquefied Natural Gas (LNG).
According to the…
The European Union is preparing emergency plans to cap gas prices or separate power prices from the soaring cost of gas – as well as longer-term reforms…
The European Union proposed a price cap on Russian gas on Wednesday after President Vladimir Putin threatened to cut off all energy supplies if it took such…
Oil Minister Javad Owji said the world needs to be fed with more Iranian crude, while Tehran is also ready to supply it as prices have been…
It’s tempting to dismiss the decision by the OPEC+ group to cut crude oil production by 100,000 barrels per day (bpd) in October as a statistical insignificance…
Oil prices fell on Tuesday as concern returned about the prospect of more interest rate hikes and COVID-19 lockdowns weakening fuel demand, reversing a two-day rally on…
Oil prices rose more than $2 a barrel on Monday, extending gains as OPEC+ producers agreed to cut oil output targets by 100,000 bpd in October, according…