Oil prices steadied on Tuesday after sharp falls the session before to the lowest in about three weeks as a stronger US dollar and a drop in Chinese refining runs hit the market.
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Cumulative crude oil output from the South Pars Gas Field’s oil layer in the Persian Gulf has surpassed 2.5 million barrels over roughly five months, the operator of the oil layer said.
South Korea's crude oil imports from Iran rose 26.5% in July from a year ago, driven by Seoul's strong appetite for competitively priced Iranian light oil as Tehran looks to boost market share…
New Energy Information Administration data put US shale output up 117,000 barrels per day in September compared to August. Production in the Permian Basin is expected to see the largest jump…
The sun-drenched province of Yazd in central Iran is envisioned to emerge as a hotspot for solar power ventures, a local energy official said. Mohammad Hassan Sabbaghzadegan, managing director…
Major oil companies are joining Silicon Valley in backing energy-technology startups, a signal that that those with the deepest pockets in the industry are casting around for a new strategy.
Expanding oil loading and export facilities along the Sea of Oman and developing oil and gas reservoirs shared with regional states are front and center on the Oil Ministry agenda for the next…
The last massive component of Australia's $180 billion liquefied natural gas construction boom arrived on Monday, stepping up a race between Anglo-Dutch giant Shell and Japan's Inpex to start…
Libya’s biggest oilfield has reduced crude production by more than 30% in recent days and the Zueitina export terminal ceased loadings over the weekend, throwing the OPEC country’s output back…
Iran's Oil Ministry has sent a letter to Indian officials about the Farzad-B gas project that has turned into a point of contention between the two countries in recent months, the Iranian oil…
Ukraine can help Iran enhance its reach to European petrochemical markets, the chief executive officer of National Petrochemical Company said.
Marzieh Shahdaei made the statement on the…
Kuwait will finish cleaning up a crude oil spill in the country's southern waters in the Persian Gulf this week, a Kuwaiti newspaper report said on Sunday, quoting the country's oil minister. "…
Norway’s DNO, Russia’s Gazprom Neft PJSC, and Thailand’s state-owned PTTEP have submitted the result of their technical studies on Changuleh Oilfield west of Iran to the…
The world’s installed nuclear power capacity could increase by 123% in 2050 compared to the 2016 levels, the International Atomic Energy Agency said in a report this week.
These…
Emergency workers battled on Sunday to contain an oil spill near a joint Kuwaiti-Saudi oilfield in the Persian Gulf.
No official reports were available on the source or size of the leak…
Gasoline production in the Persian Gulf Star Refinery in the city of Bandar Abbas, Hormozgan Province, has exceeded 320 million liters since its official inauguration in April, chief executive…
Iran sees the prospect of raising natural gas exports by more than twice the current level in a few years while facing challenges to tap into some of regional markets.
Oil and gas company Dragon Oil shipped an oil cargo from Turkmenistan to Neka Port in northern Iran for swap through the Persian Gulf, marking the first swap operation by Iran since 2010.
India shipped in 502,000 barrels a day of crude oil from Iran last month, the Oil Ministry said in a report. That is more than 16%, or 83,000 bpd, higher than the purchases in June, ISNA…
The Oil Ministry has endorsed six domestic companies to develop oil and gas fields, adding them to the list of 11 enterprises already approved to operate in Iran's upstream petroleum sector.
The National Iranian Oil Refining and Distribution Company said imported gasoline meets the country's strict emission standards, denying speculations about the low quality of the fuel.
“…
The British government has been accused of undermining its own efforts to tackle climate change after new research revealed it is investing twice as much in fossil fuel projects overseas as it…
Shale oil production in the largest US oilfield should rise by as much as 300,000 barrels per day by December, according to updated forecasts following the industry's latest quarterly results.…
Venezuelan state oil company PDVSA's revenue from oil and fuel sales in 2016 dropped 34% from the previous year to $48 billion, the company said in its annual financial results published Friday…
With a record corn crop in the silos, Brazilian company FS Bioenergia on Friday inaugurated the country's first ethanol plant processing only corn in the heartland of the South American grains…
