United States' sanctions on Iran's oil industry are unproductive and there will be consequences to such a move, Russian Energy Minister Alexander Novak said.
"Our position remains that…
Energy
With a critical meeting in Algiers fast approaching, a fractured OPEC and its allies are still searching for consensus on how members with spare output capacity can equitably distribute the…
Oil prices rose on Monday as investors worried about the impact of US sanctions on Iran despite assurances by Washington that Saudi Arabia, Russia and the United States could together raise…
China will speed up efforts to ensure its wind and solar power sectors can compete without subsidies and achieve “grid price parity” with traditional energy sources like coal, according to new…
Abu Dhabi is pushing ahead with an initial public offering for Spanish oil company Cia Espanola de Petroleos SAU, in what could be the largest such deal in a decade. The emirate’s Mubadala…
China’s Sinopec Corp has joined a group planning to build an oil refinery in Alberta, an enterprise that would strengthen demand for the Canadian province’s heavily discounted crude.
National joint-stock company Naftogaz Ukrainy plans to issue up to $1 billion worth of eurobonds in October, Naftogaz Board Chairman Andriy Kobolev has said. “Yes, we will issue. I think that it…
Renewable energy sources, notably solar and wind, are reaching price and performance parity on and off the grid globally and, as technologies continue to advance their deployment, prices will…
Uzbekistan is planning to establish a major gas chemical complex at the heart of what will be Central Asia’s biggest technological cluster to supply polymers to more than 10 local plastics…
Egypt has signed a deepwater oil and gas exploration deal with Royal Dutch Shell and Malaysia’s Petronas worth around $1 billion for eight wells in the country’s West Nile Delta, the petroleum…
The National Iranian Oil Company has handed over a project to the National Iranian Drilling Company for drilling eight exploration wells in unnamed onshore fields, an official at NIDC said.
Tehran will not file a case with the International Court of Arbitration over Pakistan's procrastination to complete its share of Iran-Pakistan Gas Pipeline Project—aka Peace Pipeline—on its…
The National Iranian Oil Company is set to assign the private sector with some 40 projects on curbing the flaring of associated petroleum gases from southern oilfields to be used in…
To compensate for the widespread drought in Iran, 30 billion cubic meters of seawater should be desalinated and transferred to areas struggling with water shortage, a member of the parliament…
The operation to supply feedstock in the form of compressed natural gas to Chabahar Power Plant in Sistan-Baluchestan Province has resumed, the deputy for gas distribution at the National…
Saudi Arabia, the United States and Russia can between them raise global output in the next 18 months to compensate for falling oil supplies from Iran and elsewhere, US Energy Secretary Rick…
US shale producers are locking in prices for their production as much as three years into the future in a sign that strong domestic crude pricing is nearing a peak, according to market sources…
Iran’s OPEC governor said on Saturday that Saudi Arabia and Russia have taken the oil market “hostage”, as US President Donald Trump seeks to impose fresh sanctions on Iranian oil sales.…
Oil prices pulled back on Friday on concerns that additional US tariffs would be placed on Chinese imports, after an earlier rally triggered by worries that more sanctions on Iran might…
A Japanese buyer has loaded Iranian oil on a tanker expected to arrive in Japan in early October, in what could be the last purchase of Iranian oil before the US sanctions snap back in early…
Banking problems to open a letter of credit for the construction of a 1,400-megawatt thermal power plant in southern Hormozgan Province have been resolved, the managing director of Iran’s…
The European Union is becoming increasingly dependent on Russian natural gas supply, the assistant secretary for fossil energy at the US Department of Energy said.
Steven Winberg was…
The International Energy Agency warned that oil prices could break out above $80 per barrel unless other producers act to offset deepening supply losses in Iran and Venezuela. Iranian crude…
Indian refiners will cut their monthly crude loadings from Iran for September and October by nearly half from earlier this year, as New Delhi works to win waivers on the oil export sanctions…
Iran just endured the longest gap in at least three years without sending oil to its biggest customer, as imminent US sanctions pile pressure on Tehran.
Two supertankers left Iran’s…
