The Central Bank of Iran (CBI) has announced that the growth rates of monetary base and money supply declined significantly in the previous Iranian calendar year.
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The chairman of the board of directors of the Oil Industry Equipment Manufacturers Association, Ehsan Saghafi, says the worth of our country’s equipment exports has reached 710 million euros over the last two and a half years.
China's Sinopec is in discussions with Pembina Pipeline Corp (PPL.TO) for a liquefied natural gas (LNG) offtake agreement and equity stake in the Canadian company's proposed Cedar LNG project, two sources with knowledge of the matter told Reuters.
The International Energy Agency (IEA) in its latest report has forecast a 50 per cent rise in India’s oil demand as against global expansion of 7 per cent.
Saudi Arabia and its allies in OPEC+ are likely to keep oil production unchanged for a further three months when ministers review output allocations on June 1.
The start-up of LNG Canada, the country's first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S., where demand for the fuel is record high, companies said.
The Taliban, who govern Afghanistan, are working with Kazakhstan and Turkmenistan to create a regional energy trade hub that would facilitate oil sales from Russia to South Asia, Taliban acting commerce minister Nooruddin Azizi told Reuters this week.
Indian Oil Corporation (IOC) has announced a significant investment of Rs 5,215 crore to develop 1 gigawatt (GW) of renewable energy capacity in India. This strategic move aligns with IOC’s broader diversification strategy beyond traditional oil and gas ventures.
Haitham Al Ghais, OPEC Secretary-General, speaks to CNBC the World Economic Forum in Riyadh about OPEC’s response to the war in Gaza, Iran sanctions and other major energy issues
Chennai Petroleum is two years behind schedule on constructing a 180,000bpd refinery in Nagapattinam, Tamil Nadu, with completion expected in 2027, according to finance head Rohit Kumar Agrawala.
The Canada Energy Regulator on Tuesday approved the final permits for the Trans Mountain oil pipeline expansion, clearing the way for the project to start operating after years of delays and massive cost overruns.
The head of the Iran-Iraq Joint Chamber of Commerce Yahya Al-e Eshaq says Iran and Iraq should make joint investments as a way to give a further boost to bilateral trade relations.
the National Iranian Oil Company (NIOC) has signed memorandums of understanding (MOUs) worth $6.4 billion with local companies to increase the country’s natural gas output by 127 million cubic meters.
Canada's Trans Mountain pipeline expansion is set to enter partial operation on May 1, years behind schedule and at more than four times the original cost - but with the potential to affect oil flows even outside North America.
India's ONGC faces challenges in locating a vessel to transport 700,000 barrels of crude from Russia's Far East due to Western sanctions disrupting complex trades.
Brent crude futures for June , which expire on Tuesday, were down by 51 cents, or 0.6%, to $88.99 a barrel by 0950 GMT. The more active July contract fell 27 cents, or 0.3%, to $87.94 a barrel.
The new statistics released by the International Monetary Fund (IMF) show that Iran's oil production in 2023 saw an increase of 500,000 barrels per day (bpd) in comparison to the previous year, reaching 3.1 million bpd.
Iran which holds the second largest natural gas reserves in the world, can be one of the most reliable suppliers of natural gas over the next decades.
Turkey is in talks with US energy giant ExxonMobil over a multibillion-dollar deal to buy liquefied natural gas, in an effort to curb its dependence on Russian energy, the Financial Times reported on Sunday.
The pace at which global energy demand is growing means that alternatives cannot replace oil at the necessary scale writes OPEC Secretary General Haitham Al Ghais. Rather than calling for an end to oil, the focus should be on reducing emissions.