Saudi Arabia has reduced oil production to less than 10 million barrels a day, below its targeted level, and will consider renewing its pledge to cut crude output in six months, Energy…
Energy
Oil prices are on track to end the week lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the health of the Chinese economy after it reported the…
Iran is planning to spend billions of dollars into new petrochemical facilities in its oil- and gas-rich southern regions over a decade, Marzieh Shahdaei, head of the National Petrochemical…
In line with plans to raise gas production capacity, phases 17 and 18 of South Pars Gas Field in the Persian Gulf are ready to be commissioned officially, Mansour Moazzami, CEO of Iran's…
About 4 million tons per year of new methanol capacity expected to begin production this year has been delayed from its original schedule, trade sources said. This is expected to help support the…
Iran has sealed more than $15 billion in contracts in its energy sector since the historic nuclear agreement between Tehran and the six world powers in July 2015 as the resurgent energy market…
In line with plans to develop Iran’s oil and gas fields, high-ranking officials of Poland’s state-run gas company PGNiG are expected to meet the National Iranian South Oil Company in February to…
US crude stocks rose last week, along with gasoline inventories and distillate inventories, data from industry group the American Petroleum Institute showed on Tuesday. Crude inventories rose by 1…
Iran can boost oil revenues from its oilfields by billions of dollars using enhanced recovery methods, Gholamreza Manouchehri, the deputy for engineering and development at the National Iranian…
The UAE announced plans to invest $163 billion in projects to generate half of the nation’s power needs from renewables.
The oil producing state is hoping to get close to this by 2050 and…
Iran, a country flush with oil and gas deposits, supplies less than 1% of its total electricity demand from renewable sources.
“The share of renewables in Iran’s energy basket is 240…
Oil prices stabilized on Tuesday after a sharp selloff as a fall in the dollar triggered a bout of short-covering, but analysts said the market remained vulnerable to further falls.
Brent…
Following a couple of years of reduced exploration and production investments, spending by global oil and gas companies is expected to increase by 7% in 2017, for the first rise in three years,…
Iran Central Oil Fields Company and Razavi Oil and Gas Development Company have signed an agreement to develop Tous Gas Field in Khorasan Razavi Province, managing director of East Oil and Gas…
Five petrochemical projects are expected to go on stream by the end of the current fiscal year in March 2017, the head of National Petrochemical Company said.
China has opened a line of credit, worth $1.3 billion, to finance the development of Abadan Oil Refinery, Iran's oldest refinery in the southern Khuzestan Province, the chief executive of National…
Iran and Iraq have come up with preliminary agreements to develop joint fields and expand cooperation in the gas sector, said Amirhossein Zamaninia, deputy oil minister for international affairs…
Russia is fulfilling all its obligations under a deal between OPEC and non-OPEC oil exporters to curtail global crude output, Kremlin Spokesman Dmitry Peskov said on Tuesday. “Without question,…
More than 32 billion cigarettes were produced domestically during the nine months to December 20, 56% more compared with last year’s corresponding period, the chairman of the Center for Tobacco…
The US Energy Department says the electricity system "faces imminent danger" from cyber-attacks, which are growing more frequent and sophisticated, but grid operators say they are already on top…
Crude prices could plunge as low as $10 per barrel within a decade as a result of five energy “tsunamis,” Thierry Lepercq, innovation chief for French energy company Engie said.
Lepercq…
Russia's Gazprom said on Saturday its daily supplies of natural gas to countries outside of the former Soviet Union have reached a record high due to cold weather in Europe.
Gazprom pumped…
Iran is seeking investment to build 25 petrochemical projects, an official at the state-run National Petrochemical Company was quoted on Saturday as saying.
The NPC is proposing joint or…
Iran is expected to sign deals with two Japanese companies to enhance oil refineries in Tehran and in the southern city of Bandar Abbas, Abbas Kazemi, the chief executive of National Iranian Oil…
Iran has ramped up oil exports to European customers to 710,000 barrels per day as the country is closing in on the levels it sold to European buyers before international sanctions were imposed.…
