Energy

US crude exports to Europe fell to an 11-month low this month as a shrinking discount and rising shipping costs squeezed demand for US barrels, according to Refinitiv Eikon data and analysts.…

Iraqi Oil Minister Thamir Ghadhban has said progress has been made on a multi-billion dollar infrastructure project in the south of the country that has been negotiated since 2015 with…

Close to 2.67 billion kilowatt hours of electricity was generated from alternative energy sources over nine years, reducing water and fossil fuel consumption.

Forecasting the future of the oil market is crucial, especially for countries where oil export is the lifeblood of the economy and budgets are constructed, deconstructed and reconstructed…

The Iranian Oil Pipeline and Telecommunication Company's Tehran office annually supplies over 45 billion liters of crude and petroleum products to the northern provinces, the managing director…

Kuwait's new oil minister, Khaled Al-Fadhel, has pledged an ongoing commitment to OPEC's production cuts in his first statement to the Kuwait News Agency after being appointed last week. OPEC's…

Construction of the second phase of Tehran's seventh water treatment plant has been accelerated and will come on stream in April, managing director of Tehran Province Water and Wastewater…

Proposals for the development of the second and third phases of Kish gas field, the second largest in the Persian Gulf after South Pars, is being reviewed and the outcome will be announced in…

Imports of Iranian crude oil by major buyers in Asia hit their lowest in more than five years in November as US sanctions on Iran’s oil exports took effect last month, government and ship-…

Cold weather and China’s consistent gasification efforts pushed liquefied natural gas imports into Northeastern Asia to a record-high, Reuters reports. Since the start of December, LNG imports…

Iran and Iraq signed a memorandum of understanding for boosting energy collaboration and renovating Iraq’s power infrastructure. The agreement was reached after two days of talks between Iran’s…

Stable supply of natural gas as feedstock to petrochemical plants will continue as schedule, production manager of the National Petrochemical Company said.

Russian Energy Minister Alexander Novak said on Wednesday that oil prices, which fell by more than a third this quarter, would become more stable in the first half of 2019. 

National Iranian Gas Company has met all its financial commitments to help the Education Ministry renovate schools in the deprived regions, the company's financial manager said.

As per the 2019-20 fiscal budget bill, a barrel of crude is calculated at $54, Oil Minister Bijan Namdar Zanganeh told the ministry’s website Shana on Wednesday.

Experts say expanding the renewable energy sector in water-stressed regions is one viable alternative for farmers who have very little water and suffer due to crop losses and failures in recent…

Oil prices plunged more than 6% to the lowest level in more than a year on Monday, pulling back sharply late in the session as fears of an economic slowdown rattled the market. US crude futures…

Two Iranian and Chinese companies are moving ahead with the development of Abadan Oil Refinery, Iran's oldest crude processing facility in oil-rich Khuzestan Province, said the managing director…

With a population of 80 million Iran’s daily gas consumption at 700 million cubic meters exceeds that of the 28-nation European Union, which consumes a total of 500 mcm per day, National Iranian…

Development of Tous gas field in northeastern Khorasan Razavi Province will help lift the regional economy and help stabilize energy supply to the northern and eastern areas, said Ramin Hatami,…

Installed capacity of power substations, including transmission and distribution, has reached 107,000 megavolt ampere (MVA).

OPEC and allied oil producers are ready to hold an extraordinary meeting and will do what is needed if the current cut in oil output by 1.2 million barrels per day does not balance the market…

There is no funding constraint to developing phases 13 and 22-24 in South Pars Gas Field in the Persian Gulf, managing director of Pars Oil and Gas Company said.  "The Majlis has…

OPEC and its allies have formalized their production quotas under their new supply deal, with Saudi Arabia, the world's largest crude exporter, committing to a 322,000 bpd cut from its October…

Power wastage in Isfahan Province has fallen from 7.8% last year to 6.6%, said the managing director of Isfahan Province Electricity Distribution Company. Electricity supplied from production…