Oil prices edged up on Wednesday, lifted by a reported fall in US crude inventories and the ongoing risk of supply disruptions.
Brent crude oil futures reached $71.90 per barrel, up 32…
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iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Russia is committed to its OPEC pact with Saudi Arabia and will continue to supply Europe energy despite tensions with the West after US-led strikes on Syria, a Russian spokesman said.
The Iranian Oil Pipeline and Telecommunications Company transferred over 5.8 billion liters of petroleum products to five northeastern provinces of the country in the last fiscal year (ended…
The Organization of Petroleum Exporting Countries is moving toward maximizing its members' profit and stabilizing the market, the National Iranian Oil Company's former deputy for international…
Bid Boland Gas Refinery project in the city of Behbahan, Khuzestan Province, will play a significant role in the expansion of the downstream petrochemical sector, the head of National…
OPEC and allied producers will consider extending an agreement to cut oil output into 2019 when they meet in June to assess the market, Kuwait Oil Minister Bakheet Al-Rashidi said.
Oil prices rose on Tuesday amid worries there could be a high risk of supply disruptions, especially in the Middle East.
Brent crude oil futures were at $71.75 per barrel, up 33 cents,…
Citigroup analysts raised their forecast for oil prices for this year and next due to rising demand and the potential for supply losses from some major suppliers.
Even as they raised…
In spite of the recent rainfalls across the country, Iran will face power shortage in the summer, a deputy at Iran Power Generation, Distribution and Transmission Company (Tavanir) said on…
Domestic manufacturers are capable of providing technical services and producing 80% of advanced oil equipment to develop downstream and midstream projects that will be tendered by the Oil…
Iran's hydrocarbon reserves will last 155 years. Houtan Salari, a deputy at the National Iranian Oil Company, made the statement on the sidelines of "Third Argus Iran LPG and Petrochemical…
The National Iranian Drilling Company, a subsidiary of the National Iranian Oil Company, has signed two deals with NIOC's Exploration Management Department on providing equipment and services…
Efforts are underway to end gas flaring in two oilfields in the southern province of Khuzestan in the coming months, a senior official at the National Iranian Oil Company said.
The high price of gas feedstock used to generate electricity for export does not justify investment in building power plants, the head of the board of directors at Iran’s Electrical Industry…
With the US opting out of the Paris climate agreement, many have turned their focus to China to spearhead efforts to curb greenhouse emissions and move from fossil fuel to renewable energy.
Oil fell more than 1% on Monday as markets opened after western airstrikes in Syria over the weekend, while a rise in US drilling for new production also dragged on prices.
Brent crude…
The Russian Energy Ministry is confident of implementing the Nord Stream-2 gas pipeline project, the Russian energy minister said.
Iran's export of crude oil and condensates to Asian and European markets amounted to 2.1 million barrels per day in March. According to Shana, Oil Ministry's news portal, the figure breaks down…
The first phase of gas feedstock delivery in the form of compressed natural gas to a power plant in the city of Chabahar in the southeastern Sistan-Baluchestan Province will be launched in May,…
Entekhab Industrial Group, a major domestic manufacturer, is making efforts to finalize contracts for completing petrochemical projects with a combined capacity of over 3 million tons in the…
Close to 3,000 megawatts in new power capacity will be added to the national grid to meet the electricity peak in summer, the managing director of Iran’s Thermal Power Plants Holding Company…
Iraq has pushed back this month’s auction to award the rights to develop 11 oil and gas fields to international companies by 10 days, after it amended some of the contract terms, Bloomberg…
Venezuelan President Nicolas Maduro has decreed extra powers to his oil czar Manuel Quevedo to try and halt sliding crude output in crisis-hit Venezuela, which has sunk to its lowest level since…
South Korea’s March crude oil imports from Iran dropped 39.3% from a year earlier on slowing demand for Iranian oil, the country’s customs data showed on Sunday.
Essar Oil has settled about €2 billion ($2.5 billion) in dues to Iran to cover previous oil purchases and still owes the country about $616 million, B. Anand, chief executive officer of the…
