Oil prices on Friday slipped away from December-2014 highs reached the previous day.
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
More than 90% of power stations in Iran are running on natural gas as feedstock and concerted efforts are being made to stop using fuels like mazut to generate power by the end of the current…
Venezuela’s crude oil sales to the United States fell for a second month in a row in December, knocking the year’s average to 593,047 barrels per day, the lowest annual level since 1991,…
Saudi Arabia has shortlisted New York, London and Hong Kong—singly or in a combination of two or even all three—for the international portion of the listing of national oil company Aramco, two…
The stricken Iranian oil tanker Sanchi keeps exploding, hampering efforts to extinguish the fire and rescue survivors, state media Xinhua said on Friday, citing the Chinese Ministry of Transport…
Iran's light crude oil extended its rally to its highest level of above $66 a barrel in more than two years on the back of a bull run in global markets.
The country's light crude settled…
Close to 178 billion cubic meters of natural gas were consumed in the nine months that roughly coincides with March and December, 6.6% higher compared with the same period of the previous year…
US crude oil production is expected to surpass 10 million barrels per day next month, en route to an all-time record months ahead of previous forecasts, the US Energy Information Administration…
China is set to dominate global construction and financing of clean energy after record investment in overseas ventures and takeovers last year.
Natural gas and oil are crucial cogs in the world's energy mix, but they can be a big drain on water resources. "For every barrel of oil we get out of the ground, we typically use about 10…
The stricken Iranian oil tanker in the East China Sea could burn for as long as one month, South Korea’s Ministry of Oceans and Fisheries told Reuters on Wednesday, as the blaze raged for a…
The venture to build the demercaptanization of gas condensate (DMC) unit at the South Pars 2nd Refinery (belonging to phases 2 and 3) has received fresh impetus, as utility units are readied for…
Goldman Sachs and Citigroup are poised to take a major role in the sale of a portion of Saudi Arabia's state oil giant, which is expected to be the biggest initial public offering ever,…
Oil prices hit their highest levels since 2014 on Wednesday due to ongoing production cuts led by OPEC as well as healthy demand, although analysts cautioned that markets may be overheating.
Oil rose further above $68 a barrel on Tuesday, touching its highest since May 2015, supported by OPEC-led production cuts and expectations of US crude inventories falling for an eighth week.
South Pars 400-kilovolt gas-insulated substation is expected to become operational in May, an official of Pars Oil and Gas Company said.
Tehran may soon face a double whammy of critical water shortages and blackouts, if rainfalls continue to remain scant and scattered in the next few months, a power industry official said.
A tanker carrying Iranian oil that collided with a Chinese freight ship in the East China Sea was still on fire on Tuesday, the Chinese government said, as dozens of rescue boats struggled to…
OPEC members do not want Brent oil to rise above $60 a barrel because higher prices could bring more supply from shale output, Iran’s oil minister said.
Eleven men were charged in a Singapore court on Tuesday in connection with a large-scale oil theft at Shell’s biggest refinery, while police said they were investigating six other men arrested…
OPEC’s strategy to end a worldwide crude glut is causing havoc for a vital link in the oil industry’s supply chain: the fleet of supertankers that shuttle fuel between continents.
The…
Oil prices were stable on Monday, supported by a slight decline in the number of US rigs drilling for new production, with crude holding just below near three-year highs reached last week.
US oilfield service companies are gearing up for initial public offerings, according to regulatory filings and analysts, after several shelved equity sales last year during a weak period for oil…
Various countries in the world’s most oil-dependent region, the Middle East, have started to look above ground for generating energy to diversify away from their primary below-ground energy…
The Thermal Power Plants Holding Company has signed a contract with unnamed investors to build power plants with a total electricity generating capacity of 5,000 megawatts, or 5 gigawatts, the…
