Energy

Transferring Turkmenistan's gas to Pakistan via Iran-Pakistan gas pipeline, aka Peace Pipeline, will benefit both neighboring states, the National Iranian Gas Company's managing director said.…

Hong Kong-flagged cargo ship CF Crystal was the causal factor of the collision with the Iran-owned oil tanker Sanchi, 160 nautical miles off the coast of Shanghai, China, on January 6, said the…

Bandar Abbas Refinery in the southern Hormozgan Province is making concerted efforts to enhance the quality of its gasoline and diesel output to comply with Euro-4 emission standards by October…

The man who ran Venezuela’s state oil company PDVSA for a decade after 2004 says the country’s oil firm is on the cusp of total collapse and expects oil production to drop by 600,000 barrels per…

Saudi Energy Minister Khalid al-Falih is optimistic that South Korea could end up in the shortlist to build nuclear power plants in Saudi Arabia, al-Falih said on Friday during a visit…

 Close to 700 million cubic meters of water are wasted in the country annually, of which the loss of 250 mcm is inevitable, a senior official at the National Water and Wastewater…

China’s Sinopec will cut its June imports of crude from Saudi Arabia by 40% for the second month in a row because of "unjustified" high prices, an official from the top Asian refiner, Unipec,…

Norway’s Statoil said it aims to cut its carbon footprint more aggressively as measures to reduce global warming could reduce the value of its assets, leaving some of its reserves stranded…

Oil prices were little changed on Friday after rising earlier, as market jitters kicked in over the prospect of geopolitical risks from possible new US sanctions against Iran.

US West…

Iran is seeing bumper oil exports, but that does not imply a production uptrend.

Russia has reaffirmed its pledge to an alliance with OPEC, despite two months of breaching its target under a global oil output deal.

The country remains “fully committed” to bringing…

Saudi Arabia set the price of its benchmark crude in Asia at the highest level since August 2014, just a few weeks after the trading unit of China’s biggest refiner asked for fewer barrels…

Oil Minister Bijan Namdar Zanganeh said the number of household gas subscribers in the country has increased by over 4.56 million in the past four years.

"Close to 3.14 million…

Debts of electricity subscribers to the Energy Ministry have exceeded $2 billion, a deputy energy minister said.

"The amount of unpaid dues to the ministry has amounted to a massive $2.3…

The 23rd International Iran Oil, Gas, Refining and Petrochemical Exhibition, the largest annual convention in Iran's petroleum industry, will commence at Tehran's International Fairground on May…

The Energy Ministry’s proposal to hike water and electricity tariffs has been ratified by the Cabinet, based on which the two vital commodities’ prices will rise by 7%. As per the new rule,…

Renowned European companies have expressed readiness to cooperate in the development of Iran’s petrochemical industry, the National Petrochemical Company’s managing director said.

The National Iranian Gas Company will resume gas supply to combined heat and power (CHP) plants as soon as they settle their unpaid debts, managing director of the company said.

“CHP…

Iran’s crude exporters had a banner April, with shipments soaring to a record right before the possible reimposition of US sanctions on their oil sales.

Crude exports by OPEC’s third-…

Oil prices firmed slightly on Wednesday, supported by concerns that the United States may reimpose sanctions on major exporter Iran, although soaring US supplies capped gains.

Brent…

The United States has moved ahead in EY’s Renewable Energy Country Attractiveness Index and is now second only to China, the UK consultancy said in the latest edition of its RECAI.…

Saudi Arabia would need oil prices to average $85-87 a barrel this year to balance its state budget, an International Monetary Fund official said.

The term “demand destruction” is again entering the lexicon of the current crude oil market, as the sharp rise in prices raises concerns about when consumers start cutting back fuel consumption…

Oil prices dipped on Monday after a rising rig count in the United States pointed to higher production there, but markets held near their highest in over three years and remained set for a…

South Korea’s energy ministry on Monday said it would raise the country’s retail prices for natural gas by 0.2-3.2% from May 1 for users in sectors, including industry and transportation,…