The number of countries receiving exported US crude oil has risen since the removal of restrictions on exporting oil in December 2015, the US Energy Information Administration said in a report.
Energy
Oil prices were on track for their biggest annual gain since 2009 after the OPEC grouping and other major producers agreed to cut crude output to reduce a global supply overhang that has depressed…
Russia's largest oil producer and its shareholder BP have completed dissolution of Ruhr Oel, their refining joint venture in Germany, Rosneft said on Thursday. Rosneft said with the restructuring…
Plans are in place to provide regions straddling the southern coasts of Iran with potable water by building 50 water desalination units, Energy Minister Hamid Chitchian said.
The National Iranian Oil Company and South Korea's construction conglomerate Daelim Industrial Company have reached an agreement to cooperate on improving oil refining facilities in Isfahan…
There is no difficulty in meeting the demand for natural gas in the northern regions this winter, a top energy official said, playing down concerns over a shortage of gas for heating homes and for…
Next year could be a banner year for oil and gas companies who are looking for fresh equity. According to Texas-based Tudor Pickering Holt & Co., as many as 40 oil and gas companies could…
Tehran's nuclear deal with the world powers undid an international sanctions regime that had allowed countries and individuals to pillage national resources and inflict harm on the …
OPEC members are committed to the deal signed last month to cut output as it is in the interest of their flagging economies, Oil Minister Bijan Namdar Zanganeh said.
Venezuela said it will cut 95,000 barrels per day of oil production in the New Year in fulfillment of a producers' deal to reduce global output and strengthen prices.
January 1 marks the…
The National Iranian Oil Company has signed new spot oil export contracts with BP and the Anglo-Dutch Royal Dutch Shell to provide them with oil and gas condensates, director for international…
Imports of crude oil by Iran's four major buyers in Asia in November more than doubled for a second straight month from a year ago, with purchases by India and South Korea more than four times…
Egyptian Oil Minister Tarek El Molla has signed three offshore oil and gas exploration and production deals worth a total of at least $220 million with France's Total, Britain's BP and Italian oil…
The steam unit of Bandar Genaveh Combined Cycle Power Plant with an output capacity of 160 megawatts is expected to go on stream on Thursday in a ceremony attended by Hamid Chitchian, the energy…
Russian oil producer Gazprom Neft said on Tuesday it planned to increase oil production by 4.5-5% next year, less than it had intended before Russia joined a deal to cut global production with…
Completion of the South Pars Gas Field project is estimated to cost upwards of $90 billion as Iran aims to raise natural gas production from the giant field to more than 700 million cubic meters…
Iran needs an efficient and judicious pattern in energy consumption as the country has committed to meeting international climate obligations under a legally-binding agreement signed last…
Iran exported 15.2 million tons of petrochemicals and polymers, worth $6.5 billion, in the first nine months of the current fiscal year that roughly coincides with March-December.
The lion'…
Oil edged further above $55 a barrel on Tuesday, drawing support from expectations of tighter supply once the first output cut deal between OPEC and non-OPEC producers in 15 years takes effect on…
Toshiba Corp said it may have to book several billion dollars in losses related to a US nuclear power acquisition, a shock warning that sent its stock tumbling 12% and rekindled concerns about its…
India’s biggest oil and gas producer will pay as much as $1.2 billion to buy a majority stake in a gas field off the country’s east coast, aiming to boost production as the country seeks to cut…
Russia's output of oil products is expected to fall by about 2.5% in 2017 due to further work on a massive refinery modernization program aimed at boosting fuel quality, a deputy energy minister…
Workers at Brazil's national oil company, Petrobras, began a strike last week that has paralyzed operations at its refineries and offshore platforms. The strike comes after workers rejected a…
Oil exploration in the Persian Gulf is now on the agenda of the National Iranian Oil Company's exploration department that is why "Sahar 1" drilling rig will be employed to expand explorations in…
Tehran may sign several oil and gas deals soon, building up on a raft of preliminary agreements with energy majors as it gradually opens up its huge energy sector to multinationals and foreign…
