Russia surpassed Saudi Arabia to become China’s top crude supplier as the fight for market share in the world’s second-largest oil consumer intensifies.
China imported a record 3.92 million…
Energy
Gasoline consumption in Tehran hit a record high of more than 100 million liters in the week ending June 19. More than 100.2 million liters of gasoline was consumed in Tehran during the period (…
The third Gas Exporting Countries Forum summit is to be held in Tehran on November 23, Tasnim News Agency reported.
From the Russian perspective, the situation in the global crude oil market is starting to stabilize, the minister of economic development said, UPI reported. Crude oil prices starting in June 2014…
Iran and Russia have commenced a new round of negotiations regarding a power deal worth up to $10 billion, in line with the memorandum of understanding signed between the two countries in…
Iran's North Drilling Company received a $1.5 million award from its UAE contractor for setting a record in drilling ten oil wells compatible with international safety standards in the…
Pipeline giant Williams Co. has turned down a $48 billion buyout offer but is still open to a sale, the company said Sunday night.
Tulsa, Oklahoma-based Williams said it was offered an…
Hedge funds reduced both bullish and bearish bets on oil for a fourth week as rising OPEC output was met with forecasts for a contraction in US supply.
In a meeting headed by President Hassan Rouhani, the Cabinet passed a law whereby the price of compressed natural gas was reduced from the current 6,000 rials (17 cents) to 5,000 rials (14 cents)…
Oil prices nudged higher in Asian trade on Monday, after initially falling on concerns about the outcome of a eurozone meeting on the Greek debt crisis later in the day and continuing worries…
As the summer heat adds load pressure on the national power grid, for the first time in the current Iranian year (began March 21), electricity consumption crossed a record-high of 47,000 megawatts…
Nigeria Liquefied Natural Gas Company Limited, a joint venture between the government and foreign oil majors, has generated some 85 billion dollars from exports since its inception 15 years ago,…
Egypt has earmarked $8 billion for fuel product subsidies in the draft 2015/2016 budget, Tarek El Molla, chairman of state-run Egyptian General Petroleum Corp, said in a statement on Saturday.…
Bulgaria wants to build a storage facility for the natural gas from the Turkish Stream natural gas pipeline project, said Alexander Novak, Russian energy minister,…
For Turkey's accession process to the European Union, it needs to develop an adequate framework to ensure a high level of nuclear safety, said the EU’s energy union chief Maros Sefcovic on…
Scotland said an end to subsidies for onshore wind farms will tack on extra costs, though the British government said it's the best deal for consumers.
Not content with the blow it’s dealt to US oil drillers, Saudi Arabia is set to escalate the battle for market share by raising production to maximum levels.
Iranian companies will commence power export to Turkey, Afghanistan, Pakistan, Iraq and the UAE in the near future, managing director of the National Iranian Gas Export Company said Sunday.
The United States will be able to supply gas to Ukraine and other countries of Europe within two years, Senator John McCain said at a press conference in Kiev…
Lithuanian officials says their country is ready to start pumping gas to Ukraine from its new LNG terminal but that Russia was stubbornly blocking the move by exercising its control over…
Russia views Japan as a strategic partner in its bid to ramp up the production of liquefied natural gas on its Far Eastern Sakhalin Island. During his meeting with foreign news agency…
Liquefied natural gas can help strengthen Iran's position in global energy markets but the country lacks the necessary export infrastructure to achieve its targets. Moreover, LNG development…
Stage one of Canberra's light rail network will be powered by 100 percent renewable energy, according to Capital Metro Minister Simon Corbell.
Corbell said the multi-million-dollar…
Gazprom is building a global strategic alliance with energy major Royal Dutch Shell that will include asset swaps and allow the Russian gas giant to penetrate new markets, its chief executive told…
Iran is capable of exporting up to three million liters of gasoil to Afghanistan per day if it has the right strategy to prevail over potential competitors, Esmail Hasham Firouz , head of…
