Meanwhile, the Federal Energy Regulatory Commission has warned that the surge in clean energy and drop in coal and gas power may make the energy grid less…
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Turkey, in the meantime, is preparing for a critical election on May 14, and Turkish officials have previously indicated that they might hold off on restarting the…
Aramco is betting on boosting its natural gas production and plans to develop Jafurah, the largest non-associated gas field in Saudi Arabia.
The world’s…
OPEC’s global oil demand forecast for 2023 was held steady for a third month on Thursday, with the producer group citing the potential Chinese growth to be…
Russia’s Deputy Energy Minister Pavel Sorokin held a call this month with Western analysts about country’s oil production, trying to convince them that Russia had reduced output…
Natural gas prices are also expected to climb in the second half of 2023, which could spell trouble for Europe as it has failed to secure sufficient…
The combination of higher operating costs, increased interest rates, and a drop in both oil and gas prices suggests the good times may soon be at an…
The value of trade between Iran and Azerbaijan increased by 13 percent in the past Iranian calendar year 1401 (ended on March 20), based on the data…
Iran’s oil minister on Tuesday said accidents in the oil industry have been reduced 35 percent during the past 15 years.
Javad Owji made…
But there are plenty of bullish factors on the horizon, including falling U.S. inventories, growing Chinese demand, and slowing U.S. production growth.
On Friday,…
Iran’s crude oil production stood at 2.567 million barrels per day (bpd) in March, 8,000 bpd less than the figure for the previous month, according to OPEC’s…
Head of the Federation of Chambers of Commerce and Industry of the United Arab Emirates (UAE) said his country is seeking to become Iran’s top trading partner…
There are multiple projects with the potential to completely disrupt energy markets, making even this debate about the immediate cost of clean energy obsolete.
A fire burned for a third day on Sunday at Shell Plc’s chemical plant in the Houston suburb of Deer Park, Texas, a company spokesperson said.
Canada’s main oil-producing province Alberta on Saturday declared a provincial state of emergency due to wildfires, shutting in at least 145,000 of oil equivalent per day (boepd).
Technical planning for development of Iran’s Arvandkenar oilfield near the border with Iraq has kicked off, an Iranian official has said.
Abdollah Azaari Ahvazi,…
Australia will change its Petroleum Resource Rent Tax (PRRT) to increase the tax paid by the offshore LNG industry, moves that should increase revenue by A$2.4 billion…
The National Iranian Oil Refining and Distribution Company (NIORDC) managing director on Saturday said the operations of Shahid Soleimani Refinery-Integrated Petrochemical Plant project will begin this spring.
While investment in both fossil fuels and clean energy projects will continue for years, there are bound to be conflicts over exactly how much should go to…
Russia’s federal budget revenues from oil and gas, the lifeblood of its economy, fell 64% in April from the year-earlier period and declined by 5.9% from March,…