Oil rose on Wednesday, paring earlier losses after fresh comments from Russia about its openness to talk with OPEC over output cuts helped revive hope among investors that the world's largest…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Top oil exporter Saudi Arabia faces a dilemma when setting its monthly export prices this week, as Iran ramps up crude shipments into an already oversupplied market.
A US judge ordered Petrobras, the state-run Brazilian oil company, to face class-action litigation by investors seeking to recoup billions of dollars in losses stemming from a bribery and…
Iran and Germany discussed preparing the grounds for the transfer of the Islamic Republic's blocked oil equipment in a meeting between senior officials of the two countries in Tehran on Wednesday…
Iran and Spain are closing in on a deal to carry out joint power projects in Africa and the Americas, while negotiations are underway to build hydroelectric power plants in Ecuador.
Debts of petrochemical complexes and Iran Power Generation, Distribution and Transmission Company (Tavanir) to the National Iranian Gas Company have reached nearly $3 billion, financial director…
A Japanese engineering firm is expected to soon sign a contract with the Iranian government for oil refinery repair work.
In an exclusive interview with NHK, sources close to the deal say…
For the last 75 years, almost every economic crisis has been preceded by an oil price spike. The worry now is that low energy prices are pushing the global economy into a tailspin.
India's oil imports from Iran fell more than a quarter in January from the previous month, although incoming shipments are expected to pick up in February as post-sanctions crude starts arriving…
A memorandum of understanding has been signed by Iran’s Energy Ministry and French company Suez S.A. on reducing water wastage by 10%, a deputy energy minister announced on Tuesday.
Alireza…
Norway is not planning to introduce any changes to its oil production levels despite low prices in the global market, a communication adviser with the Norwegian Ministry…
Venezuela's Oil Minister Eulogio Del Pino will visit Tehran on the second leg of his foreign trip on Wednesday to discuss the global oil market with his Iranian counterpart Bijan Namdar Zanganeh…
BP Plc reported a 91% decline in fourth-quarter earnings after average crude oil prices dropped to the lowest in more than a decade. The company’s shares fell the most since August.
Profit…
The International Court of Arbitration announced its verdict over the long-awaited Iran-Turkey gas dispute, according to which Iran was convicted for selling gas to Turkey at a higher price…
More than 95 billion cubic meters of gas were extracted from South Pars Gas Field in the past 10 months, Pars Oil and Gas Company announced on Tuesday.
Phases 1-5 of South Pars produced…
US consumers are cautious about spending their windfall from cheap gasoline and are saving more, according to a Reuters/Ipsos poll and official data, suggesting low oil prices are less of a boon…
In order to enter the international electricity markets, the price of natural gas as feedstock for power plants should be based on global gas prices, a deputy oil minister said on Monday.
"…
Last month’s plunge in crude to $30 a barrel proved too much of a bargain for China to turn down, even as its economy lurches toward the weakest growth in a generation.
Chinese companies…
Oil and gas acquisitions will increase this year as a collapse in energy prices weakens companies’ finances, forcing them to accept lower valuations from buyers, according to consultants Ernst…
Coordinated oil production cuts between OPEC producers and Russia are "highly unlikely" since a deal would require further cooperation between OPEC members amid Iran's growing production and…
Majlis Speaker Ali Larijani called on opponents of Iran’s new oil and gas contracts to abide by the constitution, as he tried to ease tensions following last week’s protests outside the Oil…
Iran’s production of liquefied petroleum gas in the past 10 months increased by 40% compared with the corresponding period of the last Iranian year, deputy director of National Iranian Gas Company…
Tens of water and wastewater projects, including dams, desalination units, wastewater treatment plants and water supply plans, are to be officially inaugurated in the next 10 days, which mark the…
An unnamed South Korean company is in negotiations to finance a major refinery project in Isfahan Province, executive director of National Iranian Oil Engineering and Construction Company said.
Saudi Arabia wants to cooperate with other oil producers to support the oil market, Saudi-owned Al-Arabiya television reported on Sunday, quoting an unnamed Saudi source.
But there is…
