Oil futures settled higher Wednesday after reports of fatalities following explosions at a ceremony held to mark the four-year death anniversary of Shaheed Qasim Soleimani.
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Oil Minister Javad Owji, in a message, expressed his heartfelt condolences on the martyrdom of more than 100 people in the twin terrorist attacks in Kerman, a city in southeastern Iran, on Wednesday.
In the face of international scrutiny, India has staunchly defended its substantial purchases of Russian crude oil since the onset of the Ukraine war.
The trade exchanges between Iran and Turkey in the first 11 months of 2023 reached $5.0 billion, showing a 13 percent decline compared to the same period of last year.
Iran exported commodities valued at $10.3 billion to China during the first nine months of the current Iranian calendar year (March 21-Decemebr 21), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.
Iran and the Eurasian Economic Union (EAEU) have finally signed a long-awaited free trade agreement.
Almost all of Russia's oil exports this year have been shipped to China and India, Deputy Prime Minister Alexander Novak said on Wednesday, after Moscow responded to Western economic sanctions by quickly rerouting supplies away from Europe.
Iran’s Oil Ministry managed to resolve a disruption to the country’s fuel system within hours, said the Parliament’s Energy Committee vice chairman on Monday.
Global crude oil prices would have surged and created “havoc” in the international oil market had India not ramped up oil imports from Russia in the aftermath of Moscow’s February 2022 invasion of Ukraine, the petroleum and natural gas ministry told the department-related parliamentary standing committee.
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei on Saturday said Islamic governments are duty-bound to “prevent goods, oil, and fuel from reaching the Zionist regime, which has even prevented water from reaching the people of Gaza”.
China's state oil majors CNPC and CNOOC have both asked the U.S. government for exemptions from sanctions on a new Russian liquefied natural gas (LNG) export plant, a Beijing-based industry official with direct knowledge of the matter said.
Angola said on Thursday it would leave OPEC in a blow to the Saudi-led oil producer group that has sought in recent months to rally support for further output cuts to prop up oil prices.
Iran’s President Seyyed Ebrahim Raeisi on Wednesday lauded the Oil Ministry for fixing a disruption to the country’s smart fuel system.
President Seyyed Ebrahim Raeisi voiced Iran’s readiness to promote cooperation with Turkmenistan in gas and electricity sectors.
RPI head argues Iran's oil industry needs domestic knowledge-based companies and research centers to achieve self-sufficiency, citing past threats from Western countries and arrogant powers.
Several liquefied natural gas (LNG) vessels have changed their courses in recent days to avoid the Red Sea region amid maritime attacks by Yemen's Iran-aligned Houthis on the world's main East-West trade route.
Turkey and Turkish companies saved $2 billion on energy bills in 2023 by increasing Russian oil and refined product imports, despite Western sanctions.
Oil and gas should not be demonised in the medium-term, Elon Musk, the founder of electric car maker Tesla, said on Saturday, but he also said it was important to reduce carbon emissions to preserve the planet.
India will buy Venezuelan oil as some refiners in the country have the capability to process heavy crude oil, Oil Minister Hardeep Singh Puri said on Friday.
Two U.S. Treasury Department officials will head to Europe next week to discuss enforcing the price cap on Russian oil with government officials and private business leaders, the agency said on Friday.