Energy

Shale producers may not snap back quite as fast as hoped, if oil prices stay in the $30-per-barrel range for much longer.

Energy drillers say the US is finally beginning to see real…

Following the drop in global gas prices, Qatar and Russia are on the verge of a "price war" that could translate into aggressive discounts and huge price cuts, an energy market analyst said.

Iran and Indonesia signed a memorandum of understanding on cooperation in oil, gas and petrochemical projects, as well as expansion of bilateral energy ties, between this month in the city of…

Arab members of OPEC as well as the world's top oil producer Russia should make room for Iran's return to the global oil market, a senior energy analyst said, adding that winning back market share…

Turkey has begun to repair a pipeline taking crude oil from northern Iraq to the Mediterranean through its restive southeast and aims to restore flows soon, the Turkish Energy Ministry said on…

Brent crude oil hit its highest level since early January on Friday and was on track for its first weekly gain in a month as strong US gasoline demand and supply disruptions outweighed concerns…

Iran has started trial production of oil in Yadavaran Oilfield, West Karun, to ensure the field will have sustainable production, the field’s director said.

Iran’s Ghadir Investment Company and Azerbaijan’s state-run SOCAR will jointly invest in oil and gas projects, Mohsen Pakaeen, Iran's ambassador to Azerbaijan, said on Thursday. "An investment…

Hellenic Petroleum, Greece's biggest oil refiner, will receive its first shipment of Iranian crude oil next month, a company executive said on Thursday.

"It was announced at a board meeting…

Around half of Iran's estimated 1.2 million tons of fuel oil exports loading in February are expected to reach Singapore, market sources said this week.

Iran is believed to have…

Russian energy giant Gazprom has reduced natural gas supplies to private sector companies in Turkey by 10% due to a price dispute, officials at Turkey's Energy Ministry said on Thursday.

The potential for investment in Iran's oil and gas projects in the Persian Gulf is projected to exceed $20 billion, Iranian Offshore Oil Company’s managing director said on Saturday.

A high-level Swiss delegation, headed by the country's President Johann Schneider-Ammann, arrived in Tehran on Friday in a visit that can lead to major improvements in the two nations' limited…

Saudi Oil Minister Ali al-Naimi said on Tuesday he was confident more nations would join a pact to freeze output at existing levels in talks expected next month, but effectively ruled out…

Oil services company Petrofac will reopen its office in Iran, its chief executive said on Wednesday, as the lifting of western sanctions on Jan. 16 allows foreign companies to rekindle business…

Iran's gas output will exceed the 1-billion-cubic-meter-per-day mark in the next Iranian year [starting March 20, 2016], in line with plans to overtake Qatar's production from the giant South Pars…

A subsidiary of the National Iranian Oil Company recently held talks with officials of Germany’s Butting GmbH in Tehran to expand cooperation in pipeline production.

Iran’s energy sector pays $12 billion of its annual revenues to Targeted Subsidies Organization, a deputy oil minister said.

Mohammad Mehdi Rahmati also criticized the monthly payment of…

The $64 billion tie-up of Royal Dutch Shell with BG Group and the steady growth of Exxon Mobil Corp. are creating a new league of two: the ultramajors.

At least 3,000 barrels of crude oil have been spilled in an Amazonian region after leaks from Peru's main oil pipeline, the state oil company said.

The oil has polluted two rivers that at…

A Spanish firm, SERCOBE, is holding a new round of negotiations with Iran to become the first European firm to finance an Iranian petrochemical project in the post-sanctions era.

New York-based bond rating firm Moody's Investors Service on Monday released a new report suggesting Iran's return to global oil markets could be stymied by production…

Of the 70 million liters of gasoline consumed daily in the country, only 62 million liters are produced by domestic refineries, managing director of the National Iranian Oil Refining and…

Azerbaijan's President Ilham Aliyev arrived in Tehran on Tuesday for two days of talks to push the envelope in economic relations with Iran, more than a month after sanctions against it were…

Iran can sign $10-15 billion worth of energy projects under its new oil and gas contracts within the next 12 months, managing director of the National Iranian Oil Company said on Tuesday.

“…