Western sanctions against Russia, coupled with ongoing political instability in Libya and the advance of Islamic State (IS) militants in Iraq, could leave the global oil supply exposed and push up…
Energy
Chemists in Scotland say they have made a major advancement in the process of producing hydrogen from water that may offer cleaner and cheaper gas, and a renewable source of energy.
"The…
China Petroleum & Chemical Corp., Asia’s top refiner, agreed to sell a 29.99 percent stake in its retail business for 107 billion yuan ($17.5 billion) to a group of investors including China…
Google signed its 17th project related to renewable electricity generation: it’s putting $145 million into an 82 megawatt (MW) solar project being built by SunEdison.
After dismissing Chinese contractors from the joint South Azadegan oil field due to underperformance, Iranian companies have dispatched their drilling rigs, in an effort to overcome the deficit…
Electricity forward contracts in the derivatives market, petroleum products, and other energy carriers in the physical market saw a significant 230 percent boost during the past two weeks,…
Fracking has transformed the United States into the world’s largest producer of natural gas, and now Europe is weighing the pros and cons of the controversial technique as it seeks greater energy…
Turkmenistan discussed the aspects of practical implementation of the TAPI gas pipeline project (Turkmenistan-Afghanistan-Pakistan-India) with the TAPI project member states, the Trend reported.…
Russia's Gazprom scrapped a plan to cut gas exports to Romania by 9 percent on Saturday and by 5 percent on Sunday, Romania's Energy Minister Razvan Nicolescu was quoted by Reuters as saying. "Our…
The price of benchmark Brent crude oil steadied on Friday after slumping to the lowest level in more than two years against a backdrop of solid supplies and sluggish demand.
Brent North Sea…
Subsidies should be regulated because they hamper the oil industry's development plans, the deputy oil minister said Saturday.
Iran's electricity exports to the neighboring countries increased more than 4 percent in the current Iranian calendar year (beginning March 2014) and the country's electricity production increased…
The secretary general of Iran's Association of Petrochemical Industry Corporation (APIC) said Saturday, the prices of the petrochemical products are on the decline following the plunge in oil…
Crude oil exports generate from Siri Island in the last Iranian year (ended March 2014) reached 23 million barrels, generating $2.3 billion in revenues for the country, said a senior…
The director of Iranian Gas Engineering and Development Company (IGEDC) announced the completion of the gas pipeline to Iraq. Fars news agency reported.
"The laying of gas pipeline…
BASF SE’s oil and gas arm agreed to buy assets from Norway’s Statoil ASA for $1.25b, diversifying energy supplies for Germany’s biggest chemical maker as relations between Europe and…
Iran’s LPG exports to Asia rebounded to nearly 300,000 mt for September loading after sliding to 152,000 mt in August, with most cargoes bound for China and one set for India, the PLATTS reported…
Oil prices have declined sharply over the summer, even falling below $100 a barrel last week.
Brent crude declined to its lowest intraday level in more than two years, and West Texas…
New European Union sanctions curbing access to western financial markets for some of Russia’s largest firms are targeting banks, arms manufacturers, the country’s leading oil company, Rosneft, as…
The supply of gas to refineries from the upstream sector saw a 15-percent increase in the first five months of the present Iranian calendar year (March-July 2014), reaching 71.2 billion cubic…
Ankara and Tehran will come to an agreement on the price of gas supplied to Turkey by Iran until the end of this year, Turkish Minister of Energy and Natural Resources Taner Yildiz said Sept. 11,…
North America's shale oil boom has started to squeeze Saudi Arabian oil out of the US market in the same way it did with West African crude, the International Energy Agency (IEA) said on Thursday…
The daily supply of low-sulfur diesel fuel with Euro-4 standard in Shiraz Province reached 600,000 liters, Shana reported. Tabriz, Mashhad, Shiraz, Isfahan and Ahvaz cities are planned to receive…
Ukraine and the European Commission (EC) plan to organize a roundtable meeting in Brussels in a bid to find investors and an operator to manage Ukraine’s gas transportation system, Yuri Vitrenko,…
National Iranian Oil Products Distribution Company said an agreement has been signed to export 2.5 million liters of diesel fuel to Iraq per day. According to the deal, 900 million liters of…
