Energy

India has little choice to import oil from Iran under mounting pressure from the US, therefore it is exploring the crude oil market to replace its Iranian crude loss. India's overall crude…

Two Trump administration officials said on Friday that neither a wind-down period nor a short-term waiver on China’s oil purchases from Iran are being contemplated after Washington surprised…

Trade unions have agreed to end a week-long strike at Europe’s largest oil refinery — Shell’s 404,000 barrel per day Pernis refinery in the Netherlands — after the parties resolved a dispute…

Persian Gulf Star Refinery in Bandar Abbas in southern Hormozgan Province has halted production of sour naphtha and henceforth all flammable oils produced at this refinery will be sweet, the…

Dredging is not the best long-term and economically-viable solution for Karun River in southwest Khuzestan Province against floods, head of the Faculty of Water Science Engineering at the Shahid…

Replacing eco-unfriendly fuels with natural gas, supplying petrochemical companies with gas as feedstock and exporting gas are among the Oil Ministry priorities in the current fiscal that…

Turkey is trying to convince the United States to allow refiner Tupras, its biggest oil importer, to continue buying crude oil from Iran free of sanctions, Foreign Ministry spokesman Hami Aksoy…

Skid-mounted processing units also known as mobile oil treaters are processing close to 28,000 barrels of oil per day in South Azadegan Oilfield in Khuzestan Province. With the help of mobile…

Gasoline consumption in the first month of the new calendar year (March 21-April 20) indicates an increase of 4.7% compared to the corresponding period last year. According to data from the…

Oil Minister Bijan Namdar Zanganeh says Saudi Arabia and the United Arab Emirates presumably overstate their ability to produce higher levels of crude oil as demanded by the United States. “I…

Oil production in Venezuela has dipped so low that the owner of the world’s largest reserves is importing crude for the first time in five years. The nation’s output fell below 1 million…

American middle class consumers are enjoying the strongest wage growth in a decade, but higher gasoline prices are eating a good chunk of that increase for many, and it looks like pump prices…

A part of the West Ethylene Pipeline, which was damaged by heavy rains and landslides in Kermanshah Province, will be repaired and come online by the end of the week, the director of production…

In the wake of torrential rains in northern Mazandaran Province over the past four weeks, the biggest dam in the region -- Shahid Rajaee Dam -- is expected to overflow as a result of which the…

Natural gas delivery to petrochemical companies has been of the ascending order over the past two years. According to Fars news agency, in 2017 petrochemical plants took 102 mcm of gas as…

The United States has made a major error of judgment by politicizing oil and using it as a weapon in already fragile international oil market.

Oil Minister Bijan Namdar Zanganeh made…

During the floods that affected 24 provinces over the past four weeks, there was no major problem in providing refineries with oil and other petroleum products, said the director of petroleum…

Thermal power output in East Azarbaijan Province last year (March 2018-2019) shows 8.1% rise compared to the year before, said the director of planning department at the East Azarbaijan Power…

As the US ends waivers that let countries buy Iranian crude, this threatens to squeeze oil supplies in an already tight market.  The decision may also jeopardize the deal that OPEC and…

Iraq’s gas imports from Iran will rise to 35 million cubic meters per day in June from 28 mcm, a spokesman for the  Iraqi Ministry of Electricity said Tuesday. "This is expected to…

India will add 12 nuclear power stations to its lineup to shore up its power supply situation, the department of atomic energy said Monday.

Asia’s largest refiner Sinopec is set to receive its first US crude oil cargo this week since halting imports from the country in September, two sources with knowledge of the matter said on…

The US administration said on Monday that it will not renew waivers that let countries buy Iranian oil without facing sanctions, a move that roiled energy markets and risks upsetting major…

Claims of Reliance Industries Ltd.'s purchases of crude oil from Venezuela’s state-owned oil company, PDVSA, for cash payment to third parties are false, according to the company.

Iranian Offshore Oil Company has increased its crude output from Doroud Oilfield after conducting repairs on the field's main wells. According to the National Iranian Oil Company's news portal…