Global oil demand will rise by 1.2 million barrels per day in 2017, steady from 2016 global demand growth levels, despite gains in Chinese consumption, the chief of the International Energy Agency…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
A short-term cap in oil output would reduce market volatility, Russian Energy Minister Alexander Novak said on Monday at a meeting with OPEC Secretary-General Mohammed Barkindo, as both are…
Oil prices fell on Monday as Iraq said it wanted to be exempt from an OPEC deal to cut production, though losses were capped by Iran saying it would encourage other members to join an output…
Energy Minister Hamid Chitchian on Monday reiterated plans to build five photovoltaic power stations in the near future as part of declared national policy to boost electricity production from…
Companies are expanding talks with western officials on investment and cooperation in the petrochemical industry in line with long-haul plans to raise billions of dollars in foreign investment to…
The cost of developing the second phase of North Azadegan Oilfield in Khuzestan Province are expected to be reduced due to the removal of international sanctions in January, the executive director…
A deputy oil minister said on Monday that Tehran was ready to encourage other OPEC members to join a plan to freeze output to bring stability to the volatile oil market.
Angola became China's largest crude supplier for the second time in September, taking the top position from Russia, customs data showed on Monday. China imported 4.19 million tons of oil from the…
Iran has given the final ultimatum to India’s Oil and Natural Gas Corporation Limited (ONGC) to offer a more attractive master plan for development of the coveted Farzad-B Gas Field project in the…
Iraq will maintain oil production at current levels after exceeding 4.7 million barrels a day in September, even as other OPEC members discuss limits on output.
Iraq asked the Organization…
After a heart-stopping plunge in the price of crude over the last two years, along with slashed dividends and the elimination of tens of thousands of jobs, the biggest oil companies are proving…
Oil Minister Bijan Namdar Zanganeh on Sunday urged non-OPEC producers to join an OPEC-led initiative to cut crude production to rebalance the market and lift prices.
“Members of the…
Iran's Energy Efficiency Organization (SABA) and Italy's Centro Elettrotecnico Sperimentale Italiano (CESI) signed an agreement in Tehran on Sunday on technology transfer and implementing the…
A senior official on Sunday outlined some of the terms and conditions of the new oil and gas tenders that make it difficult for small and mid-tier companies to enter the multibillion dollar energy…
Kuwait's finance minister and acting oil minister Anas al-Saleh sees crude oil prices at $50 to $60 a barrel within the next 15 months, Reuters reported on Sunday. Saleh made his comments in an…
Despite recent improvement in oil prices and the adoption of consolidation measures, projected fiscal deficits of (Persian) Gulf Cooperation Council countries remain large in both the short and…
Listen to Saudi Arabia and hear the oil market is rebalancing. Look at the screen, and Brent is indeed holding above $50 a barrel. But dig deeper into the world of physical oil, and bearish…
Iranian petrochemical companies continue to be affected by difficulties in obtaining letters of credits, a source at a local petrochemical company said on the sidelines of the “K 2016” trade fair…
A deputy oil minister said on Saturday that oil cooperation between Iran and Germany’s Deutsche Bank has resumed.
According to Amirhossein Zamaninia, negotiations are being held also with…
Tehran and Kuala Lumpur have converging interests in boosting ties in Iran's petroleum sector, Oil Minister Bijan Namdar Zanganeh said on Saturday, underlining oil trade as a positive step to…
Iran's longest power transmission line with a capacity of 400 kilovolts is planned to be officially launched on Oct. 23 in Arak, Markazi Province, in the presence of President Hassan Rouhani and…
Oil prices fell on Friday as a strong dollar made it more expensive to hold the dollar-denominated commodity, setting contracts up for the first weekly loss in five weeks.
Global benchmark…
Many nations are willing to join OPEC in cutting production to secure a continued improvement in oil prices, said Saudi Arabia’s Minister of Energy and Industry Khalid Al-Falih.
Russia will produce 548 million tons (11 million barrels per day) of oil next year, a post-Soviet record, however Moscow still wants global producers to curb production amid weak prices, Energy…
Haldor Topsoe, one of the world’s leading catalysis companies, is keen to expand its presence in Iran’s petrochemical industry and is in cooperation talks following the lifting of international…
