US crude oil production in October rose to the highest in more than 46 years, while natural gas production leaped to a new record, US Energy Information Administration data showed on Friday.
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Oil continued its revival from the biggest crash in a generation, with prices set for a second annual gain after a year marked by hurricanes, Middle East conflict and the tussle between OPEC and…
Oil explorers are closing out a year marked for its heightened pleas of austerity from investors with restraint. The number of working rigs drilling for crude remained unchanged for a second…
Iran's light crude made small gains in the week to Dec. 22, moving in the opposite direction of Brent, the international benchmark for crude prices.
The country's light grade oil rose 13…
Notwithstanding concerted efforts to build new thermal power plants across Iran, a lack of funding has slowed development plans to expand the much-needed power installations, Thermal Power…
Tehran was jolted by two largely harmless tremors in recent weeks and some experts forecast a strong and deadly earthquake is in the making, but among its many damaging trails, such a quake…
Total S.A. has picked a domestic partner as part of a project to develop an offshore phase of Iran's South Pars Gas Field, an official said.
Reza Khayyamian, the head of the Society of…
The US Interior Department on Thursday proposed eliminating some safety regulations for offshore oil and gas drilling that the former administration of Barack Obama put in place after BP’s…
South Korea has finalized a power supply plan that aims to make renewables the country’s fuel of choice for power generation for the next 15 years, its energy ministry said on Friday. “We…
State-run Russian oil company Zarubezhneft has submitted the result of its technical survey on Shadegan Oilfield, a reservoir in the southern oil-rich Khuzestan Province, to the National Iranian…
China’s state oil reserves increased by nearly 14% between June 2016 and June 2017, official data showed, picking up pace from the previous six months.
US oil prices hit their highest since mid-2015 on the final trading day of the year, as an unexpected fall in American output and a fall in commercial crude inventories stoked buying.
Imports of Iranian crude oil by major buyers in Asia tumbled 29% in November from the same month a year ago to the lowest volumes since April 2016, government and ship-tracking data showed.
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China's Sinopec Engineering Company has signed a deal worth $1 billion to develop Abadan Oil Refinery, Iran's oldest crude processing facility in the southern oil-rich Khuzestan Province, the…
Oil prices fell on Wednesday after hitting a near two-and-a-half year high in the previous session as analysts said the rally was gradually running out of steam despite supply outages in Libya…
As part of a drive to protect the environment and curb air pollution in the fossil fuel industry, petrochemical complexes and refining industries are being equipped with online pollution control…
A slowdown in big energy deals has pushed the value of mergers in Canada lower for the first time since 2013, offsetting a decade-high resurgence in domestic transactions.
General Electric’s flagship gas turbines ran into problems in Pakistan earlier this year, leading to delays and lengthy outages at three newly built power stations, according to several senior…
The National Iranian Tanker Company has signed over 200 leasing contracts for its vessels in two years since international economic curbs were lifted, the company's chief executive officer said…
China has this year become the world’s second-largest LNG importer after Japan, analysis of shipping data from Reuters Eikon revealed. Asia’s number-one economy imported around 38 million tons…
A blazing oil well in Iran's southern oil-rich Khuzestan Province was extinguished late on Tuesday after burning relentlessly for almost two months in what was described as the most formidable…
There is little reason to expect oil prices to extend gains through the first quarter of 2018, energy strategists have told CNBC.
The prospect of rising US shale production, subdued…
Oil traded above $65 a barrel on Tuesday, within sight of its highest since mid-2015, supported by an explosion on a crude pipeline in Libya and voluntary OPEC-led supply cuts.
The move…
China exported no oil products to North Korea in November, Chinese customs data showed, apparently going above and beyond sanctions imposed earlier this year by the United Nations to limit…
The production of alkylate gasoline, a type of very high-octane gasoline, restarted in Abadan refining complex as of December 24 after a six-year hiatus, the head of the refinery’s board of…
