Saudi Arabia's April crude exports fell by 161,000 barrels per day as domestic refiners processed more crude, TradeArabia reported. Exports fell to 7.737 million bpd from 7.898m bpd in March when…
Energy
Proven and probable oil reserves in Angola are estimated at 12.667 billion barrels, following recent discoveries in shallow, deep and ultra deep waters, the country’s Oil minister said in Hamburg…
India is now the world’s third largest importer of crude oil after the United States and China.
The country’s oil imports have steadily climbed along with its growing economy, oilprice.com…
The debt that fueled the US shale boom now threatens to be its undoing.
Drillers are devoting more revenue than ever to interest payments. In one example, Continental Resources Inc., the…
Oil experts attending the 9th annual World National Oil Companies Congress in London, have expressed interest in cooperation with Iran’s oil sector after the economic sanctions are lifted.
Manufacturing silicon lighting rods will save $10 million in foreign exchange costs every year, said the chairman of the board of Simcatec Co., a producer of electrical equipment.
Russia and Greece on Friday signed a preliminary agreement to set up a joint venture to build a pipeline through Greece, Moscow said.
A number of cooperation documents were signed by Russia and Saudi Arabia on Thursday, after President Putin met with Saudi Prince Mohammed in what was one of the most anticipated meetings at the…
Energy projects are being carried out by Iranian state and private companies in Syria whose government has invited Iranians to help fund more energy ventures in the war-weary country, Syria's…
Russia’s state-owned oil company may provide its Venezuelan counterpart a much needed loan of $5 billion. Venezuela’s oil company, PDVSA, is in desperate need of capital in order to help boost oil…
Russia's state giant Gazprom will not own the Greek part of the Turkish Stream gas pipeline, but Moscow will assist Athens in financing the project, Russian Energy Minister Alexander Novak said on…
Refiners in Europe are making the highest profit from producing gasoline in more than eight years amid speculation that demand for the fuel is surging globally, driving up prices.
Russia and Turkey have agreed to prepare legally binding documents on the construction of the Turkish Stream pipeline by the end of June, Russian Energy Minister…
India is in talks with the oil rich United Arab Emirates and Kuwait to explore the possibility of setting up separate joint ventures that will acquire oil and gas assets in other countries,…
Japan’s nuclear plant operator Kyushu Electric Power plans to restart its Sendai-1 power plant in the city of Satsumasendai in mid-August after a four-year break, the Kyodo news agency reported.…
Algeria, Angola, Iran and Nigeria are interested in blending their light oil with Venezuela’s heavy crude to get a better price, the president of Venezuelan oil company Petroleos de Venezuela, S.A…
A set of grid codes should be programmed to increase Iran’s power capacity by adding the electricity output from wind turbines to the national power grid, said a professor of power …
OPEC nations’ revenue from petroleum exports plunged below $1 trillion last year for the first time since 2010, highlighting how slumping crude prices hurt countries reliant on oil sales to fund…
Deepwater oil projects and complex gas facilities worth around $200 billion have been cancelled or put on hold worldwide in recent months due to the sharp drop in oil prices over the past year,…
Sixty development plans in the key petrochemical industry have been prioritized on the basis of their physical progress so far, manager for development affairs at the National Petrochemical Co.,…
A total of 1,288 households with a population of 4,911 are expected to be evacuated for construction of Vietnam's nuclear power plants. Ninh Thuan 1, set to be Vietnam's first nuclear power…
Gazprom is not working on supplying pipeline gas to India, the company’s Deputy CEO Aleksandr Medvedev said on Wednesday. However, the Russian gas giant is interested in the Indian market, Tass…
The world is on the brink of the longest-lasting oil glut in at least three decades and OPEC’s quest for market share makes it almost unavoidable.
Construction of Aframax oil tankers according to international standards is indicative of Iran's technological prowess in manufacturing oil tankers of international acclaim, head of the board of…
Europe’s largest Russian gas consumer, Germany, has increased fuel purchases from Gazprom by 68 percent year-on-year for May, Gazprom CEO Alexei Miller said during a meeting…
