Oil prices rose on Tuesday on expectations of potential economic stimulus by China, healthy demand in the rest of Asia and a drop in U.S. crude stockpiles.
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State oil giant Saudi Aramco (2222.SE) will supply full crude contract volumes loading in May to several North Asian buyers despite its pledge to cut output by 500,000 barrels…
As the EU works to rebalance its gas supply away from Russia, African countries are expected to gain a larger share of the bloc’s liquefied natural gas (LNG)…
The World Bank, in its latest Middle East and North Africa (MENA) Economic Update report, released on April 6, predicted that the Iranian economy grows by two…
Saudi Arabia, the world’s top oil exporter, has raised the prices of its flagship crude for Asian buyers for the third straight month.
The…
The value of trade exchanges between the US and Iran in the first two months of 2023 has reached $9.6 million.
According to…
Oil rose on Thursday and was on track for a third weekly gain as further production cuts targeted by OPEC+ and a drop in U.S. oil inventories…
Former OPEC affairs head of the Iranian Ministry of Petroleum cited two economic and political factors as main reasons behind the recent OPEC+ surprise decision to cut…
The head of Iran’s Renewable Energy and Energy Efficiency Organization (SATBA) announced the construction of 110,000 solar power plants with a capacity of five kilowatts (KW) for…
Iraq’s federal government and the Kurdistan Regional Government (KRG) have reached an initial agreement to restart northern oil exports this week, a KRG spokesman said on Sunday,…
Iran’s foreign debt stood at about $6.5 billion at the end of the tenth month of the past Iranian calendar year 1401 (January 20), down 25.15 percent…
An international arbitration ruling on March 23 prompted the shutdown of Iraq’s northern crude oil exports through Turkey and sent oil prices back towards $80 a barrel.
The volume of trade between Iran and Iraq hit $9 billion in the past Iranian calendar year (ending on March 21) showing a roughly 20% increase in…
QatarEnergy has signed an agreement to acquire stakes in two offshore exploration blocks from ExxonMobil Canada, as part of the state-owned energy giant’s broader strategy to expand…
QatarEnergy said on Wednesday it signed a deal for stakes in two of ExxonMobil’s (XOM.N) offshore explorations in Canada as the Qatari state-owned firm builds up its global energy…
The latest International Energy Agency (IEA) figures show crude oil production in sanctions-hit Iran reached 2.65 million barrels per day (mbd) in February.
Based…
Zagros Petrochemical Company in Bushehr Province, southern Iran, is among the five largest methanol producers of the world, as it has an annual production capacity of 3.3…
The National Iranian Oil Company (NIOC) managing director here on Sunday said a 160-billion-dollar investment is required to increase the country’s oil and production capacities by 50…
EU politicians are cozying up to African countries as they look to secure new oil and gas supplies.
During a visit to Algeria earlier…
Iran’s thermal power plants’ electricity generation capacity increased by 1,035 megawatts (MW) in the past Iranian calendar year 1401 (ended on March 20), an official with the…