US crude oil has not traded at $95 a barrel since 2014, but this is the year that could change.
Energy expert John Kilduff counts Iran sanctions as the top reason why West Texas…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Qatar has set the August retroactive official selling price for its Marine crude at $72.9 per barrel, down from $73.5 a barrel for the previous month, a document issued by the company and…
Iran may resort to various ways of reducing the impact of US sanctions on its oil exports and those tactics could include secret oil shipments without trackers on tankers, bartered trades,…
Japan's major oil wholesalers are preparing to suspend crude oil imports from Iran in October, amid fears Washington will sanction countries importing Iranian crude, local media reported on…
Gasoline consumption in the fifth Iranian month that ended on Aug. 22 reached an unprecedented average of 100 million liters per day, forcing the National Iranian Oil Products Distribution…
The National Iranian South Oil Company, a subsidiary of state-owned National Iranian Oil Company, signed two contracts, worth $1.2 billion, on Tuesday with two domestic companies on preventing…
President Hassan Rouhani inaugurated three major petrochemical ventures in the southern city of Asalouyeh in Bushehr Province on Tuesday, in a ceremony attended by Oil Minister Bijan Namdar…
President Hassan Rouhani is due in the southern city of Asalouyeh in Bushehr Province this week to inaugurate petrochemical ventures.
To supply underprivileged regions with gas, a large compressed natural gas station became operational in Nain County in Isfahan Province, managing director of Isfahan Gas Company said on Monday…
Half of electricity network installations in Tehran, Alborz and Qom provinces are over 20 years old, raising the vulnerability of the grid, the head of Tehran Regional Electricity Company said…
In line with the Energy Ministry's push to boost output from joint hydrocarbon reservoirs, Iran's Petroleum Engineering and Development Company (PEDEC) is making efforts to ramp up crude…
India and France have joined hands to spearhead a global "solar revolution" with the aim of generating 1 terawatt of energy by 2030, an ambitious goal that requires $1 trillion.
Top oil exporter Saudi Arabia is expected to keep prices for the light crude grades it sells to Asia largely unchanged in October from the previous month to keep its oil competitive against…
Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once US sanctions bite from November, but gains were limited by higher supply from OPEC and the…
After 24 years, Denmark will start importing oil again, primarily due to lower production in the North Sea area.
Last year, Denmark was self-sufficient in oil. As oil production is…
The National Iranian Oil Company's Health, Safety and Environment Department has outlined measures implemented in the past 12 months as well as its future plans.
Technological advances and an increased awareness of the dangers posed by climate change are driving the price of renewable energy down. A report published by the International Renewable…
Russian oil output stood at 11.21 million barrels per day in August, unchanged from 11.21 million bpd in July, Energy Ministry data showed on Sunday. In tons, oil output reached 47.41 million…
Libya’s oil production has been holding at around 1 million barrels per day for the past couple of weeks, rising slightly this week thanks to higher production at two small oilfields in the east…
An overhang of unsold crude in the Atlantic Basin has halved in recent weeks, suggesting oil traders are bracing for a further supply loss from Iran due to US sanctions and a new rally in prices…
Statistics indicate that the world's natural gas demand will grow 50% by 2040, a senior official from the Gas Exporting Countries Forum said.
"This means that natural gas will play…
Raising production at South Azadegan Oilfield in the oil-rich Khuzestan Province tops the priority list of the Petroleum Engineering and Development Company (PEDEC) in the current Iranian year (…
Operations to drill 11 offshore wells in the Persian Gulf are being carried out by the Iranian Offshore Engineering and Construction Company, the contractor of South Pars Phase 14 said on Sunday…
The equipment needed in South Pars Phase 11offshore venture, which is expected to be developed by China National Petroleum Corp and Iran’s state-owned firm Petropars, will cost $2.8 billion,…
To complete the development project of South Pars Phase 14, loading operations to transfer satellite platform 14C for installation in the Persian Gulf were carried out in the yard of Iran Marine…
