Three more companies in North America joined the ranks of those that have filed for Chapter 11 bankruptcy protection since the fall in oil prices.
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Libya halted loading what would be the first overseas crude shipment from the port of Ras Lanuf since 2014 as rival armed forces began fighting for control of the facility, complicating efforts to…
In an open letter to Oil Minister Bijan Namdar Zanganeh, a member of parliament warned about the environmental hazards of a fire incident at a petrochemical complex in southern Iran and its grave…
Iran has leased 12 oil tankers to foreign companies and plans call for leasing more vessels in the current Iranian fiscal year that ends next March, managing director of National Iranian Tanker…
President Hassan Rouhani says Tehran supports any move to stabilize the international oil market and lift prices.
"Instability and falling oil prices are harmful to all countries,…
The meeting of the members of the Organization of Petroleum Exporting Countries and non-OPEC producers in Algiers later this month would be an informal meeting for consultations and not for…
Brazil's largest oil workers union strongly rejected a proposal from Petrobras for a deal over salaries and benefits in their annual talks, increasing the risk of a new strike at the state-led oil…
Majlis Speaker Ali Larijani has endorsed the new model of oil contracts, speaker of the Parliament Energy Commission said on Saturday. Asadollah Gharekhani said a special committee in parliament…
Oil producers in the North Sea were supposed to be among the first victims of a global battle for market share. Instead their high-cost, decades-old facilities are proving surprisingly resilient…
US drillers this week added oil rigs for an eleventh week in the past 12, according to a closely followed report on Friday, although the rate of increases has slowed as crude prices remain below…
The Central Bank of Russia expects the crude glut on the global market to persist till 2017, according to the regulator's report on monetary policy released on Friday.
Shazand Petrochemical Company has received more than $6.7 million in frozen revenues from foreign banks after the implementation in January of the nuclear agreement with the six world powers,…
Iran’s diesel export has reached 15 million liters per day, the recently appointed managing director of National Iranian Oil Products Distribution Company said on Saturday.
The energy minister has raised the alarm on critically low levels of rainfall and dwindling water resources, linking the dry spell in Iran and other regions to the upsurge in harmful emissions…
Venezuela will use this weekend's Non-Aligned Movement summit to meet fellow oil producers and gather support for a global deal to strengthen oil prices at a gathering in Algeria this month, Oil…
An oil pipeline linking Iraq's Kirkuk fields to Turkey's Ceyhan port was repaired on Friday and export levels were expected to return to normal within 24 hours, two sources at the state-run North…
India's daily oil imports from Iran in August surged to their highest in at least 15 years while South Korea's intake nearly doubled from a year ago last month, as Tehran continues to regain…
Federica Mogherini, the European Union high representative for foreign affairs, and Ali Akbar Salehi, the head of Atomic Energy Organization of Iran, discussed the July 2015 nuclear deal between…
OMV, Austria's largest oil and gas company, said on Friday it received 1 million barrels of crude oil from Iran in a spot delivery at the Italian port of Trieste which the energy group will send…
Oil prices fell to roughly two-week lows on Friday as news of rising Iranian exports and returning supplies from Libya and Nigeria fueled concerns that the global glut will persist.
Producing gasoline compliant with Euro-5 and Euro-6 emission standards is high on the Arak Refinery agenda and negotiations are underway to obtain necessary licenses and technology from foreign…
Japanese refiner Cosmo Oil Company plans to resume activities in Iran’s refining industry as the country faces no restrictions in doing business in Iran following the removal of international…
Russia’s second largest oil producer Lukoil is interested in exploring areas of the Caspian Sea adjacent to Iran, the company's CEO Vagit Alekperov said on Friday, Sputnik reported.
Members of the Organization of Petroleum Exporting Countries and Russia are expected to meet during the International Energy Forum in Algeria over Sept. 26-28 to discuss a possible output freeze…
China is struggling to pay billions of dollars in subsidies to renewable power generators following a rapid expansion of capacity, a planning agency official said this week.
