OPEC members have been busy looking for ways to get all members of the organization to agree to a production cut, but outside the spotlight, as it turns out, they have been pumping ever-growing…
Energy
A group of senior executives from Russia’s Gazprom are expected to visit Tehran in the first week of December to discuss grounds for collaboration in the energy sector, the deputy oil minister for…
Iran, which wants an exemption from OPEC’s accord to cut production, told the group it raised output by the most since international sanctions were lifted, while Iraq -- also insisting it should…
Iran will announce an international tender for the second development phase of South Azadegan Oilfield in the Persian Gulf, Oil Minister Bijan Namdar Zanganeh said, alluding that Tehran seeks to…
Iran Power Generation, Distribution and Transmission Company (Tavanir) plans to expand cooperation with international electricity companies not only in building gas-insulated substation (GIS…
Iran’s power agreement with the Turkish energy company Unit International in June will help improve competitiveness between Iranian and foreign companies in the energy sector, a senior official…
Oil reversed early losses of almost 4% to trade above $46 a barrel on Wednesday, as the market recovered from an initial Brexit-like reaction to Donald Trump's surprise victory in the US…
OPEC’s secretary-general warned of prolonged instability in the oil market if the producer group and other major crude suppliers fail to act jointly to limit output and curb a global glut.
With Donald Trump winning the US presidential election, OPEC may have to battle a sourer outlook for the global economy and weaker demand for crude.
It also faces the prospect of increased…
Britain remains committed to switching from coal-fired power plants to clean energy, a minister told parliament on Tuesday when asked whether the government was considering backtracking on a plan…
The election of Donald Trump as president of the United States will not have an impact on the investments of French oil and gas company Total in Iran, the firm's head of gas, renewables and power…
A day after a multibillion-dollar energy agreement with Total S.A. and CNPC, the first major post-sanctions deal with a western major, Oil Minister Bijan Namdar Zanganeh tried to muster confidence…
China is looking for opportunities to increase participation in Iran’s oil and gas development projects, the Middle East director at China’s National Petroleum Corporation said.
The International Court of Arbitration has ruled that Iran supplied gas to Turkey at a higher price compared to other producers in the region and must cut its exported gas price by approximately…
Italian oil refiner Saras has paid $177 million of the debt it owes Iran for crude oil bought before sanctions were imposed and its chief financial officer said the total debt to Tehran will be…
The Organization of Petroleum Exporting Countries raised its forecast for global oil demand next year and through the end of the decade, anticipating that cheaper crude will spur consumption even…
Energy Minister Hamid Chitchian and his Tajik counterpart Osman Ali Osmanzadeh emphasized boosting energy ties between the two countries at the opening ceremony of 11th session of Iran-Tajikistan…
National Iranian Oil Company on Tuesday signed a preliminary $4.8 billion agreement with Total S.A. and China National Petroleum Corporation to develop Phase 11 of South Pars Gas Field in the…
Negotiations are underway between the National Iranian South Oil Company and BP on developing four oilfields in the southern oil-rich Khuzestan Province, NISOC managing director said.
"The…
Oil investors are growing more doubtful that OPEC can seal a deal.
The National Iranian Oil Company is expected to sign an agreement today with a consortium of companies including the China National Petroleum Corporation International, France's Total and…
Egyptian Petroleum Minister Tarek El Molla attended on Monday an oil conference in Abu Dhabi, the UAE, where he told Reuters he was not going to Iran.
The news appeared to contradict an…
Iran will finalize a master development plan for Farzad-B Gas Field with India's Oil and Natural Gas Corporation (ONGC) by the end of November, Mohammad Meshkinfam, director of the Pars Oil and…
Elham Aminzadeh, the vice president for legal affairs, said Iran has set laws and regulations to raise significantly the share of renewable sources in the country's energy mix which presently is…
From Eni SpA to BP Plc, the biggest international oil companies are reining in capital spending for 2017 and possibly longer as they try to squeeze profits from a crude market battered by a global…
