A record-tying earthquake on the edge of Oklahoma's key energy-producing areas rattled the Midwest from Nebraska to North Texas on Saturday, and will likely bring fresh attention to the practice…
Energy
British Prime Minister Theresa May on Sunday defended her decision to delay a partly China-funded nuclear power deal, despite it causing diplomatic tension with China as she landed in the country…
Global oil market stability is impossible without the cooperation of Russia and Saudi Arabia, the world’s biggest crude producers, the kingdom’s deputy crown prince said after speaking with…
Iran plans to bring in state-of-the-art technology to enhance the recovery rate in joint fields, the National Iranian Oil Company’s managing director said.
“What is important in developing…
Russia's Economy Ministry proposes that the country's budget over the next three years be based on an average crude price of $40 per barrel, Economy Minister Alexei Ulyukayev said on Saturday.
OPEC’s crude production climbed to a record last month, as increased output from members made up for persisting losses in Nigeria and Libya, according to a Bloomberg survey.
Over 11,700 Petrobras employees signed up to leave through the Brazilian energy firm’s voluntary dismissal program. The government-owned company set up the program to reduce debt and reduce…
Iran and Algeria can expand cooperation in the oil, gas and energy sectors beyond their relations at the Organization of Petroleum Exporting Countries.
Oil Minister Bijan Namdar Zanganeh…
OPEC Secretary-General Mohammed Barkindo will visit Tehran on Monday to discuss the prospect of an oil freeze deal with Iran's Oil Minister Bijan Namdar Zanganeh ahead of a gathering of OPEC…
Production of gas condensates in the South Pars Gas Complex has exceeded 77 million barrels in the last five months of the current Iranian year (started March 20), managing director of SPGC said…
Iran will start the construction of two nuclear power plants this month in cooperation with Russia, which would further strengthen Tehran-Moscow nuclear ties over the next decade, the head of the…
Saudi Arabia's foreign minister said on Thursday it would be reasonable for the kingdom to go along with other producers in changes to oil production.
Adel al-Jubeir, speaking at an event…
South Zagros Oil and Gas Production Company said on Friday it is making preparations to maximize gas production in the cold season, when gas consumption normally increases.
Drilling operations of 20 wells in South Azadegan Oilfield will be put out to tender in the near future, South Azadegan Oilfield Development Project's managing director said on Thursday.
Russian President Vladimir Putin said he would like OPEC and Russia, producers of half of the world’s oil, to reach a deal to freeze supply and expects the dispute over Iran’s participation can be…
The International Energy Agency expects oil markets to reach a balance between supply and demand in 2017, as the current oil glut slowly eases, IEA chief Fatih Birol said during meetings in South…
Japan will propose broad cooperation in the energy sector with Russia that could include a nearly $10 billion investment in Russian state-owned oil giant Rosneft, Trade Arabia reported on Friday.…
Tehran Oil Refinery has finalized plans to produce gasoline compliant with Euro-5 emission standards, a first in Iran, in an attempt to help alleviate the capital's air pollution.
The National Iranian Oil Company and China National Petroleum Corporation (CNPC) are set to make amendments to an agreement on developing the Masjed Soleyman Oilfield by the state-owned Chinese…
The huge global oil oversupply that has weighed on prices for the past two years may not clear until the second half of 2017, Shell's chief energy adviser Wim Thomas told Reuters.
Iraqi Prime Minister Haider al-Abadi announced on Tuesday that the country would support a freeze in oil production during the next meeting of the Organization of Petroleum Exporting Countries in…
Imports of Iranian oil by four major buyers in Asia in July jumped 61.1% from a year earlier, marking the biggest percentage gain since April 2014, reflecting Tehran's efforts to recoup market…
Indian Oil Corp, the country's biggest oil firm, has increased crude oil import from Iran to fourfold and has cleared most of the past payments as sanctions against Tehran were eased in January,…
Iran is seeking to boost crude production from its joint fields with Iraq by 120,000 barrels under a short-term plan, the chief executive officer of Petroleum Engineering and Development Company…
Explorers in 2015 discovered only about a tenth as much oil as they have annually on average since 1960. This year, they will probably find even less, spurring new fears about their…
