Four bombs went off on Saturday near a minor pipeline from an oilfield close to the northern Iraqi city of Kirkuk, security and oil industry sources said.
Energy
Iran said on Thursday an increase in oil prices to more than $55 per barrel was not in the interest of OPEC as it would lead to a rise in output by non-OPEC producers.
Capturing and recycling the waste heat in thermal power plants can raise Iran's electricity generation capacity from installed power stations by 3,500 megawatts, head of Iran's Energy Efficiency…
Germany's BASF, the world's largest chemical company, said it was in talks with Iran over a possible investment of its oil and gas division in the country but no decision was on the cards because…
Iran is hard at work gaining a foothold in the global energy market, and it is not letting US President Donald Trump’s confrontational tone stop it from trying.
Political rhetoric is…
Export of petroleum products rose to record levels in the first 10 months of the current fiscal year that ends in March, said the managing director of the National Iranian Oil Refining and…
President Hassan Rouhani in Khuzestan Province Thursday inspected a major environmental project, known as AMAK, which is designed to collect high volumes of associated petroleum gases (APG) that…
Producers and traders shipped out 1.21 million barrels of crude a day from the US in the week that ended February 17, the most in Energy Information Administration data going back to 1993.…
Constant government intervention in Britain's energy sector has led to a complex system of subsidies and an uncompetitive market that fails to deliver low-cost and secure electricity, a report by…
Saudi Arabian Oil Co., gearing up for what may be the world’s biggest initial public offering, is considering discounted shares for local investors, according to people with knowledge of the…
New York state-supported solar power increased by almost 800% from December 2011 to December 2016, Governor Andrew M. Cuomo announced on Tuesday, with almost $1.5 billion leveraged in private…
Global oil prices slipped on Wednesday as the US dollar, in which payments for crude are made, rose but they traded broadly at multi-week highs after OPEC signaled optimism over its deal with…
Goldman Sachs expects global crude oil stocks to keep falling due to production cuts and strong growth in demand, although stocks are likely to rise in the United States.
The National Iranian South Oil Company (NISOC) has signed its fifth memorandum of understanding with the MAPNA Group to study three oilfields in the southern Khuzestan Province.
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OPEC and Russia will need to prolong their six-month deal to cut oil output if they plan to trim the global inventory glut that has kept a lid on prices, said Total SA Chief Executive Officer…
Oil output at BP-led oilfields in Azerbaijan in 2016 edged down to 630,000 barrels per day from 634,000 bpd a year ago, BP-Azerbaijan said on Tuesday. Natural gas production from the Shah Deniz…
Tehran and Moscow are close to signing an agreement for the export of 100,000 barrels per day of Iranian oil to Russia, Oil Minister Bijan Namdar Zanganeh said on Tuesday.
"The two sides…
Crude oil prices could shoot up to $70 a barrel by the end of 2017, as supply and demand levels continue to rebalance in coming months, according to analysts at Citigroup.
Nearer-term, the…
Russia is cutting down its oil production in February ahead of the OPEC deal schedule, Russian Energy Minister Alexander Novak said on Monday. "In February, we are going ahead of the schedule…
Oil Minister Bijan Namdar Zanganeh said the National Iranian Oil Company and French energy giant Total are still discussing the detail of a contract to develop Phase 11 of South Pars following a…
Oil prices rose more than $1 a barrel on Tuesday after OPEC said it was sticking to its agreement to cut production and hoped compliance with the deal would be even higher.
Rosneft PJSC signed investment and crude-purchasing agreements with Libya’s National Oil Corporation, as more international companies return to the North African country to gain access to Africa’s…
OPEC countries are aiming to boost compliance with agreed oil output curbs further from January's high levels to clear a supply glut that has weighed on prices, the group's secretary-general said…
Iran and Kuwait are taking steps to reach an understanding to develop Arash Gas Field in the Persian Gulf, which has been a subject of dispute between Middle East countries over the years, an oil…
Saudi Arabia has kicked off its $50 billion renewable-energy push as the world’s top crude exporter turns to solar and wind power to temper domestic oil use in meeting growing energy demand.
