Not even a sharp decline in US oil production can convince investors that crude prices are ready to rebound.
Energy
Iran exported more than 13 million liters of diesel per day to international markets in the current Iranian fiscal year that started in March.
Iran has leased five oil tankers to foreign companies since sanctions against it were removed in January, said an official at the National Iranian Tanker Company.
"Measures have been taken…
Oil markets will remain stable this year even as Iran plans to keep boosting crude exports to regain the market share it lost due to sanctions, according to a senior official at state-run National…
The first combined heat and power (CHP) plant in Ardabil Province is planned to go on stream in the city of Germi on July 27, the Energy Ministry’s executive advisor at Iran Power Generation,…
German engineering group Siemens on Sunday said it could not confirm or deny it had sealed a €500 million ($550 million) gas turbine deal with Saudi Arabia after German newspaper Handelsblatt's…
The recent oil selloff was sparked by growing concerns about global energy demand following a shallow reduction in American oil reserves, but the market appears ripe for a bounce back next week on…
Lithuania has shown interest in taking part in Iranian LNG projects, according to the deputy oil minister for international affairs and trading.
Following a meeting with Lithuania’s Deputy…
Saudi Arabia's energy minister said on Sunday the oil market was becoming more balanced and prices were stabilizing.
Khalid al-Falih also said Saudi Arabia, the world's biggest oil exporter…
The main refinery of South Pars Gas Field's Phase 1 has undergone an extensive overhaul, Mohammad Mehdi Hashemi, head of the refinery, said.
"The overhaul, which is expected to last a week…
By exporting more than 1.5 million tons of mazut between May 21 and June 21, Iran set a record in selling the commodity to international markets.
Iran is targeting an investment of $185 billion in its upstream, midstream and downstream oil sectors over the next five years, deputy oil minister for international affairs announced on Sunday…
Iranian manufacturers of oil industry equipment are ready to help swiftly rebuild Bouali Petrochemical Complex that was hit by a massive blaze last week, the head of the Society of Iranian…
Russia’s revenues from the export of oil products plummeted 48.3% year-on-year in January-May 2016 to $16.8 billion, according to the Russian Federal Customs Service report published on Friday.
Iran's Bouali Sina Petrochemical Complex will resume operations within three to four weeks after a massive blaze at the complex was contained early Saturday.
The number of rigs targeting oil outside North America fell by 36% to 677 in the two years to June 2016, continuing to slide after a brief uptick in May, data from service company Baker Hughes…
Venezuela's falling crude output and financial woes have left it struggling to maintain a 15-year-old oil assistance program to its closest ally, Cuba.
State-run oil firm PDVSA has slashed…
China has discovered a large natural gas field in Guizhou Province in the southwest part of the country.
According to the country’s Ministry of Land and Resources’ China Geological Survey,…
Oil revenues should be invested in the critical science and petrochemical sectors, an MP from Abadan and a member of Majlis Energy Commission said on Saturday.
Iran is hoping to join an international project in southern France that hopes to build the first machine to generate significant amounts of energy using nuclear fusion, which is considered a…
US President Barack Obama and Poland's Andrzej Duda agreed on Friday that the Nord Stream 2 gas pipeline project was not a good idea, the Polish leader’s spokesman said. Obama and Duda met for…
Two projects worth $45 billion announced this month show the world’s largest oil companies are regaining the confidence to make big investments, emboldened by rising crude prices and low costs…
Plans have been devised to launch six new wastewater treatment facilities in Tehran Province by January 2017, said the CEO of Tehran's Water and Wastewater Company.
"New wastewater units…
The development of each new phase in South Pars Gas Field will increase the daily extraction of natural gas by as much as 28.3 million cubic meters per day, managing director of Pars Oil and Gas…
Trading house Trafigura has loaded its first major cargo of Iranian crude oil for delivery to Asia, industry sources and ship tracking showed.
The Dutch firm loaded the crude onto the…
