Iran’s crude oil and condensate exports reached 2.6 million barrels per day in June, higher than its average volumes over the past year.
Last month, Iran’s crude oil exports reached 2.28…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Gas condensate delivery to domestic refining complexes has experienced a huge rise in the past few months, the National Iranian Oil Company's director for international affairs said.
Asian demand for imported oil is set to slow for a second straight month in July, trade flow data showed on Monday, as economic growth starts to stutter amid an escalating trade dispute with the…
US President Donald Trump’s sustained bid to disrupt Iran’s petroleum exports could soon push oil prices above $90 a barrel, analysts told CNBC.
Russian energy giant Gazprom will still be able to finance the Nord Stream 2 gas pipeline project even if US sanctions are imposed on Western European partners in the project, the Nord Stream 2…
US President Donald Trump lashed out at OPEC with a warning to stop manipulating oil markets and piled pressure on close US allies in an interview that aired on Sunday with a threat to sanction…
Iran has asked fellow OPEC members to "refrain from any unilateral measures", warning that would undermine the unity of OPEC, following reports that Saudi Arabia has raised its oil production to…
US President Donald Trump’s administration backed off an assertion he made hours earlier indicating he persuaded Saudi Arabia to effectively boost oil production to its maximum capacity, which…
Iran will allow private companies to export crude oil, as part of a strategy to counter US sanctions, First Vice President Es'haq Jahangiri said on Sunday.
The country is looking at ways…
Kuwait will raise oil output by 85,000 barrels per day starting this week, part of an agreement between OPEC and non-OPEC producers to increase production by 1 million bpd, the country's energy…
The construction operations of Sixth Iran Gas Trunkline (IGAT-6)–a major component of the national gas grid–have been completed, the managing director of National Iranian Gas Company said on…
Amir Kabir Petrochemical Company in the southern Khuzestan Province exported over 21,000 tons of products in the last fiscal year (ended March 20, 2018), indicating a 100% growth compared with…
The first development phase of Bandar Abbas water desalination unit in Hormozgan Province will be completed in July, the governor general of the province said.
US crude production fell marginally by 2,000 barrels per day to 10.46 million bpd in April from the highest on record in March, the Energy Information Administration said in a monthly report on…
European refiners are cutting purchases of Iranian oil faster than expected as the US prepares to reimpose sanctions on Iran, threatening a more severe impact than the last round of punitive…
The chances of a gas pipeline from Russia to South Korea through the territory of North Korea—a decade-old idea that was on hold due to North Korea’s hostilities—have now risen with the recent…
Saudi Arabia has increased its oil production this month by 700,000 bpd to 10.70 million bpd, very close to its highest-ever production of 10.72 million bpd from November 2016.
The…
Notwithstanding the looming reimposition of US sanctions against Iran's energy industry, no reduction in oil output is on the agenda.
Ali Kardor, the chief executive officer of the state…
Forouzan Oilfield in the Persian Gulf is currently producing between 30,000 and 50,000 barrels of oil per day, the managing director of the state-owned Iranian Offshore Oil Company said.
Gas condensates exported from South Pars Gas Field in the Persian Gulf during the first three months of the current fiscal year (to June 21) exceeded 3.21 million tons, the head of customs at…
Italian oil major Eni has announced a new oil discovery in Block 15/06 in the Kalimba exploration prospect in Angola’s deep offshore. The new discovery is estimated to contain between 230…
Global natural gas prices are increasing for the first time in two years, with demand for the fuel advancing across the world.
Oil prices fell on Friday amid concerns about trade frictions between the United States and other major economies, although crude market conditions remain tight due to supply disruptions and…
Japan's Iranian oil imports surged to the highest level in 14 months in May, when the country imported an average of 211,097 barrels per day, up 31.5% year-on year, preliminary data from the…
Turkey will not heed the US State Department’s call on allies to stop importing Iranian crude oil by Nov. 4, when the latest sanctions will kick in.
