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…
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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,…
The Islamic Republic of Iran Customs Administration says Iran intends to increase annual trade with the Eurasian Economic Union to $10 billion within less than two years.
Iran’s oil minister said the country’s oil production has risen to over 3 million barrels per day (mbd) in the past 20 months ago.
Oil prices fell in Asian trade on Tuesday, extending losses seen in the previous session, as weak economic data from China and expectations of a U.S. interest…
The document on development and completion of value chain of petrochemical industry was unveiled in the presence of Oil Minister Javad Owji and National Petrochemical Company (NPC)…
Saudi Aramco is now the world’s second-largest company in the world after overtaking Microsoft.
While Apple remains the world’s largest company, Saudi Aramco reported…
Figures by the statistics office of the European Union (Eurostat) show that Iran has exported more than 1.567 billion cubic meters of natural gas to Turkey in…