President Vladimir Putin has raised the stakes in an economic war with the West and its allies with a decree that seizes full control of the Sakhalin-2…
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The 30th OPEC and non-OPEC Ministerial Meeting was held via videoconference on 30 June 2022. In view of current oil market fundamentals and the consensus on…
Joe Biden’s July trip to the Middle East is poised to be a significant moment for gasoline prices, with the US president setting his sights on a…
Iranian President Seyed Ebrahim Rayeesi in a meeting with his Russian counterpart Vladimir Putin underlined the need for the two countries to support strengthening the North-South corridor,…
Oil prices sank about 2% on Thursday as OPEC+ confirmed it would only increase output in August as much as previously announced despite tight global supplies, but…
Oil prices are expected to stay above $100 a barrel this year as Europe and other regions struggle to wean themselves off Russian supply, a Reuters poll…
Iranian President Ebrahim Raisi in a meeting with his Turkmen counterpart Serdar Berdimuhamedow on Wednesday said that the Islamic Republic is ready to further direct Turkmen gas…
OPEC and OPEC+ began two days of meetings on Wednesday with sources saying a big policy change was unlikely this month.
At its last…
Oil prices gained for a fourth straight session on Wednesday as data showed a drawdown in U.S. crude stockpiles, adding to ongoing worries of tight supply, which…
CEO of Iran’s Ports and Maritime Organization (PMO) Ali Akbar Safayee said that the tanker which was carrying the country’s oil and was confiscated by Greece two…
White House national security adviser Jake Sullivan said on Tuesday discussions have begun with countries, including India, on the implementation of a Russia gas cap.
PetroChina may sell out from natural gas projects in Australia and oil sands in Canada to stem losses and divert funds to more lucrative sites in the…
OPEC’s oil revenue surged in 2021 as prices and demand recovered from the worst of the COVID pandemic, while the number of its members’ active rigs posted…
According to some media sources, G7 leaders are expected to discuss a revival of the Iran nuclear deal – which might lead to more Iranian oil exports.
France wants sanctions-hit Iran and Venezuela to return to the oil markets to ease the pressures from Russian sanctions that has spiked prices, a French presidency official…
Oil prices edged higher on Monday in a volatile session as investors waited for any moves against Russian oil and gas exports that might come out of…
Iraqi ministry of electricity announced that the country’s debts for energy imports from Iran have been paid off and Baghdad is now consulting to increase gas imports…
The Iranian oil ministry announced that the average gas production in the country’s fields surpassed 1,000 million cubic meters per day.
MohammadSadegh Razmi- Production…
The heads of France’s big energy companies on Sunday urged individuals and businesses to limit power consumption immediately to prepare for a looming energy crisis.
Leaders of the Group of Seven rich democracies are having “very constructive” discussions on a possible cap on Russian oil imports, a German government official said on…