Russia has scrapped a Saturday deadline to resume flows via a major gas supply route to Europe after saying it had discovered a fault in the Nord…
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Deputy Minister of Oil and Mineral Resources Khaled al-Alelij and the Executive Director of the Syrian-Iranian People’s Friendship Association, Chairman of the Economic Committee, Hassan Shakesi discussed…
Oil prices extended their slide on Wednesday, led lower by worries that the global economy would slow further with renewed restrictions to curb COVID-19 in China.
The CEO of the National Petrochemical Company (NPC) said that the country was to launch 12 PDH projects which will turn it into a major producer of…
Oil prices fell more than $6 a barrel on Tuesday, the steepest decline in about a month, on fears that an inflation-induced weakening of global economies would…
The development of collaborations between the National Iranian Oil Company (NIOC) and Iran Energy Exchange (IRENEX) has ended up in a remarkable increase in the country’s export…
Iranian Oil Minister Javad Owji officially launched the demercaptanization unit of South Pars Refinery Phases 2 and 3 which was built with €74 million of investment.
The U.S. Energy Secretary urged domestic oil refiners this month to not further increase exports of fuels like gasoline and diesel, adding that the Biden administration may…
Tehran is ready to increase its oil exports immediately after the sanctions are removed, Iranian Minister of Petroleum Javad Owji said on Friday, noting that in the…
Under pressure from Western sanctions, Russia is exporting more fuel oil to Asia and using ship-to-ship transfers to build larger cargoes for distant markets, according to traders…
Germany hopes Canadian liquefied natural gas (LNG) will help ease its shift away from Russian gas imports, Chancellor Olaf Scholz said on Tuesday, a day after Canada…
OPEC+ produced 2.892 million barrels per day (bpd) below their targets in July, two sources from the producer group said, as sanctions on some members and low…
Continued worries about the global economy sent crude prices to their lowest level since January despite signs of improving US demand.
West Texas Intermediate…
The Chief Executive of Iranian Offshore Oil Company (IOOC) said that the first phase of development of Esfandiar Joint Oilfield has been put atop the agenda of…
Russia held its spot as China’s top oil supplier for a third month in July, data showed on Saturday, as independent refiners stepped up purchases of discounted…
Higher oil export volumes, coupled with rising gas prices, will boost Russia’s earnings from energy exports to $337.5 billion this year, a 38% rise on 2021, according…
According to ICOFC, Ahmad Rajabi, production manager of the company, said: “Upgrading the capacity of radio systems with the aim of accessing all communication facilities, including…
Oil edged marginally higher after hitting a six-month low earlier on Wednesday, as markets weighed a steeper-than-expected draw down in U.S. crude inventories against rising output and…
In line with the goals of activating energy diplomacy by the Iranian Ministry of Petroleum, after a massive fire occurred in oil facilities in Cuba by lightning,…
Russian state gas company Gazprom (GAZP.MM) said on Tuesday that European gas prices could spike by 60% to more than $4,000 per 1,000 cubic metres…