Iranian Oil Minister Javad Oji has traveled to Ankara on top of a senior delegation to negotiate the extension of a 25-year gas export deal between the…
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US sanctions on Iran and Venezuela’s oil and gas need to be lifted if the world wants oil prices to decrease, says, the Turkish foreign minister.
Saudi Arabian Aramco, according to sources with knowledge of the situation, decided to move forward with preparations for an Initial Public Offering (IPO) of its energy trading…
The Ministry of Energy (Petroleum Division) has warned that the procurement of Russian crude oil involves certain issues due to the ongoing Ukraine crisis.
African energy ministers have dismissed the misgivings that the OPEC-mandated cut in oil production was a politically motivated move that they were forced to comply with, arguing…
State-owned offshore oil and gas producer China National Offshore Oil Corp said Thursday that the company has discovered the first deep-water deep-stratum large gas field in the…
Over the past couple of years, Wall Street banks, E&P companies and investors have faced mounting pressure to disinvest in fossil fuels. Last year, BlackRock Inc. (NYSE: BLK), the world’s…
Iran has reported a major surge in the value of its petroleum products exports in the first half of the calendar year 1401 which began in late…
Oil prices rose on Wednesday as caution over tightening supply countered the negative impact of uncertain Chinese demand growth and news that the US will release more…
The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said his company had generated over 4 billion dollars in the first half of the current calendar…
After the OPEC+ decision to cut oil production, US President Biden is set to announce Wednesday that the US plans to draw 15 million barrels of oil…
Turkey will create an international hub from which Russian gas can be supplied to Europe, Turkish President Recep Tayyip Erdogan announced on Wednesday.
Erdogan…
The president’s team is ramping up the rhetoric and floating new regulations. But analysts say it’s largely scapegoating.
The White House is intensifying a…
China’s Sinopec Corp (600028.SS) has struck a high-yielding shale gas exploration well in southwestern Sichuan basin with daily gas flow of 258,600 cubic meters, the state oil and gas…
Russia has removed Exxon as a shareholder from the Sakhalin-1 oil and gas project and transferred its stake to a Russian business entity.
Exxon…
The price of gas in Europe fell to almost $1,200 per 1,000 cubic meters for the first time since June 15, according to London’s ICE.
Russian representative in Vienna-based International Organizations says the US supplies liquefied natural gas to Europe at a price 4 times higher than on the US home market.
OPEC+ member states lined up to endorse the steep production cut agreed this month after the White House, stepping up a war of words with Saudi Arabia,…
Beijing has reportedly told state-owned natural gas importers to halt resales of cargoes to buyers in Europe and Asia, to make sure China has enough supply for…
Pardis Petrochemical Company achieved a whopping 119% increase in its revenue in the fiscal year of 1400 which ended on March 20, compared to the preceding year.