Oil bulls charged into the new year with unprecedented vigor and the credit goes to OPEC.
The signs that the group is winning its tug of war with shale are compelling and money managers…
Energy
The Libyan crude oil pipeline blown up late last month will take about a week to repair, the chairman of Libya’s National Oil Corporation said.
An explosion on the Zaggut to Es…
Saudi Arabia was set to raise local gasoline prices on Monday, state news agency SPA reported. The initiative, aimed at more efficient energy use, coincides with an ambitious reform plan to…
Iran's export of crude oil and gas condensate amounted to nearly 1 billion barrels in 2017 in a year that OPEC and other producers stepped up efforts to keep a lid on supplies and drain bloated…
After lining up for an entire day to get a plane ticket to visit her relatives in the western city of Merida, Josefina Garcia did not know if she and her octogenarian mother were going to reach…
With oil prices over 30% higher since June, oil market bulls are finally getting what they wished for this holiday season. Global economic growth is strong and synchronous and end-use petroleum…
South Korea is holding another vessel over suspicions it transferred petroleum products to a North Korean vessel—the second seizure to come to light since US President Donald Trump warned China…
Gas consumption hit 657.8 million cubic meters on Saturday, slightly higher than on previous days, as households used more fuel because of the onset of cold weather.
The government has taken steps over the last year to commercialize gas stations as part of a scheme to privatize Iran's retail energy market.
However, question marks hang over the…
Pars Oil and Gas Company signed a memorandum of understanding with the National Iranian Oil Company's deputy for exploration to expand technical collaboration in the upstream sector.
The…
The North Sea’s Forties Pipeline System—one of the world’s most important crude oil conduits—is fully back in business after being shut earlier this month due to the discovery of a hairline…
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.
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…
