China’s refinery throughput for the six months to June marked the first annual decline for the period since at least 2011, data showed on Friday, as strict…
NEWS Feed Atom
The United States does not expect Saudi Arabia to immediately boost oil output and awaits the outcome of an OPEC+ meeting on Aug. 3, the U.S. national…
Oil was up 2.5% on Friday after a U.S. official told Reuters that an immediate Saudi oil output boost was not expected, and as investors question whether…
Tehran – 15 July (Roydad Naft): US President Joe Biden arrived at Ben Gurion Airport in Tel Aviv on Wednesday, July 13, at the beginning of his…
Iran is implementing plans to boost petrochemical production capacity during President Seyed Ebrahim Rayeesi’s tenure by 54 percent despite the US sanctions, a report said.
Pakistan on Thursday night announced a decrease in fuel prices to pass on a decline in global prices to inflation-hit consumers.
Pakistan is experiencing…
Creditors of Ukraine’s state-owned energy firm Naftogaz have been urged to reject the company’s request this week for a two-year debt payment freeze.
Naftogaz…
Saudi Arabia, the world’s largest oil exporter, more than doubled the amount of Russian fuel oil it imported in the second quarter to feed power stations to…
Germany will completely stop buying Russian coal on Aug. 1 and Russian oil on Dec. 31, marking a major shift in the source of the country’s energy…
Consumers must help out in tackling the financial problems of German utility Uniper (UN01.DE), a victim of the European gas price crisis, shareholders and…
Iraq’s bid to boost oil export capacity at its Gulf ports has suffered a setback due to delays in pumping station upgrades, an Iraqi oil source said.
Kremlin-controlled energy giant Gazprom (GAZP.MM)said on Wednesday it could not guarantee the safe operation of a critical part of the Nord Stream 1 gas…
Serbia, which is fully dependent on Russian gas supplies, plans to purchase gas from Azerbaijan in 2023 when it expects an interconnector to Bulgaria’s pipeline to be…
Global benchmark Brent crude tumbled $7 to below $100 a barrel on Tuesday on a strengthening dollar, demand-sapping COVID-19 curbs in top crude importer China, and rising…
The largest single pipeline carrying Russian gas to Germany began annual maintenance on Monday, with flows expected to stop for ten days, but governments and companies are…
Iraq’s Electricity Minister Adel Karim has said that Baghdad has paid for all unpaid bills to Iran, and from now on, it will pay for imported gas…
The Iranian Oil Ministry announced the country’s increased crude sales and prices last year helped the government cut the budget deficit and manage fluctuations in the foreign…
India’s oil imports from Russia surged to a record of around 950,000 barrels per day (bpd) in June, accounting for nearly a fifth of overall imports by…
Canada’s Suncor Energy (SU.TO) faces a long slog to fix its poor safety record and regain investor confidence, analysts said on Monday, after Chief Executive…
Oil prices were little changed on Monday as markets balanced an expected drop in demand due to mass testing for COVID-19 in China against ongoing concerns over…