OPEC is not in a rush to start winding down the production cuts despite oil prices continuing their strong rally, with Brent hitting $80 a barrel on Thursday.
The organization sees the…
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iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
India is looking at ways to keep rising fuel prices in check, its oil minister said on Monday, with retail rates for diesel and gasoline touching record highs in capital city New Delhi and…
Oil prices rose on Monday as markets reacted to news that China and the United States have put a looming trade war between the world’s two biggest economies “on hold”.
Brent crude…
Renewable energy costs are falling across the world, but the Philippines, up to now, has shown few signs of moving away from coal, despite ratifying the Paris Agreement to curb climate change…
Changing working hours in state organizations during peak electricity demand hours in summer decreased power consumption by as much as 350 megawatts in 2017, an official in charge of Consumption…
Shourijeh natural gas storage facility in the northeastern Khorasan Razavi Province is due to increase its capacity to 4.5 billion cubic meters from the current 2 bcm, managing director of…
Driven by its vast potential in the electricity industry, Iran can earn substantial revenues from regional markets via technical and engineering exports, a member of Iran Electricity Industry…
The total peak electricity demand hours are predicted to reach 500 in the current fiscal year (started March 21) from 300 hours in the past, a deputy at Iran Grid Management Company said on…
To meet its growing electricity needs while developing oil resources in remote Arctic regions, Russia has built a floating nuclear power station, a project that detractors deride as “Chernobyl…
Germany brushed aside American concerns about a major natural gas pipeline that will deliver Russian gas to Europe, suggesting US President Donald Trump’s administration appears to be protecting…
International efforts to reduce air pollution has lifted the hopes of oil traders, as new shipping regulations are expected to boost demand for lower sulfur fuels, raising demand for crude, as…
The American Petroleum Institute reported that the first four months of this year saw US petroleum demand average 750,000 barrels a day above the same period in 2017 despite higher prices, a…
In line with efforts to boost the country's oil refining output, Abadan crude processing facility's gasoline production capacity has reached 12 million liters per day, the refinery’s managing…
US President Donald Trump’s decision to quit Iran's multinational nuclear deal would not affect European small- and medium-sized enterprises' activities in the country's downstream sector…
Oil prices fell on Friday, but Brent crude marked its sixth straight week of gains, boosted by plummeting Venezuelan production, strong global demand and looming US sanctions on Iran.
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The probable revival of US sanctions threatens to reduce the presence of Iran in the oil market, where it has regained weight in the last two years. In the case of Spain, Iran has once…
Iranian Oil Minister Bijan Namdar Zanganeh said on Saturday US President Donald Trump’s decision to quit a multinational nuclear deal would not affect Tehran’s oil exports, if the EU could…
Large global investors—representing a combined $10.4 trillion worth of assets under management—urged oil and gas companies to start acting responsibly in tackling climate change and put pressure…
The growing use of air conditioners in homes and offices around the world will be one of the top drivers of global electricity demand over the next three decades, according to new analysis by…
Natural gas refining complexes produced over 237 million barrels of gas condensates in 2017, a deputy at the National Iranian Gas Company said on Saturday.
"The output level witnessed 13…
Iran's Petroleum University of Technology and Austria’s University of Leoben signed on Tuesday a non-disclosure agreement on oilfield development plans and a memorandum of understanding on…
In line with efforts to use the country's maximum potential in harnessing renewables, 55 zones have been identified in the northern Mazandaran Province for developing solar power plants, a…
Continuing Iran's oil sales to Europe and solving barriers facing the receipt of oil money depend on the country’s negotiations with European states on its nuclear deal, dubbed the Joint…
The potential loss of 1 million barrels of Iranian crude from the world market and the ongoing decline of Venezuela's oil sector could push oil prices beyond $100 per barrel, Patrick Pouyanne,…
Oil prices held firm on Friday on strong demand, ongoing supply cuts led by OPEC and looming US sanctions against major crude exporter Iran. But markets remained below multi-year highs from the…
