Goldman Sachs said the case for higher oil prices was still strong with current supply shortfalls well above its expectations in recent months, despite a recent retreat…
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India’s crude import bill increased to $47.5 billion in the second quarter after a surge in global prices coincided with rebounding fuel demand
In…
Oman recorded a budget surplus of 784 million rials ($2 billion) in the first half, driven by higher sales for oil and natural gas.
Britain has launched an investigation under new national security rules into the sale of a 60% stake in National Grid’s (NG.L) gas transmission and metering…
The Dispatching Director of Iran National Gas Company emphasized the important and decisive role of the 42-inch Rasht-Chalund gas transmission line in gas exchange with the Republic…
An electricity industries spokesman said that Iran is highly expert in manufacturing thermal power plants and exporting them to regional countries.
Mostafa Rajabi Mashhadi…
Oil prices rose on Friday, recouping some of this week’s losses on strong U.S. job growth data but remained on course to close the week near their…
European Union countries formally adopted the bloc’s emergency plan to curb gas use on Friday, as they attempt to save fuel for a winter of uncertain Russian…
Iran’s Oil Minister Javad Owji stated that depoliticizing energy security should be considered as a global necessity, and called on nations across the globe to be ready…
The Organization of Petroleum Exporting Countries (OPEC) should tread a fine line as not to consume all oil reserves, the Organization’s Secretary General Haitham al-Ghais told Al-arabiya…
Global oil prices dropped on Thursday to their lowest levels since before Russia’s February invasion of Ukraine as traders fretted over the possibility of an economic recession…
OPEC leaders Saudi Arabia and the United Arab Emirates stand ready to deliver a “significant increase” in oil output should the world face a severe supply crisis…
United Nations Secretary-General Antonio Guterres on Wednesday slammed the “grotesque greed” of oil and gas companies and their financial backers and urged governments globally to “tax these…
The West’s energy giants are set to return a record $30 billion to investors after reporting bumper profits in the second quarter of the year following a…
OPEC+ sees this year’s oil market as slightly less supplied than previously thought, a day ahead of a meeting at which the producer group is set to…
The Group of Seven (G7) wealthy nations is looking at blocking the transportation of Russian oil among other options to deprive Moscow of bumper revenues amid its…
A senior energy expert says following the Ukraine war, Iran has the chance to use Russia’s excess gas export capacity to become a regional hub for the…
There is little Russia can do to help with urgent repairs required to malfunctioning Nord Stream 1 gas pipeline equipment, Kremlin spokesman Dmitry Peskov said on Monday,…
Oil prices are proving resilient to global economic recession fears and have outperformed major equity indices and the U.S. dollar so far this year as Western sanctions…
Customs statistics show that Iran has exported 116 million liters of gasoline worth 32 million dollars during the first month of the current Iranian calendar year.