Saudi Arabia’s crude oil stockpiles fell in March for the fifth month in a row reaching the lowest level in 18 months, as the kingdom kept shipping crude to meet customer demand while keeping a…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Russia's Rosatom intends to start engineering of Bushehr-2 Nuclear Power Plant in Iran by 2016 yearend after the endorsement of site parameters by the customer, a source in the Russian state-…
Iran's oil exports are set to surge in May, climbing nearly 60% from a year ago, with European shipments recovering to about half the pre-sanctions levels, according to a source with knowledge of…
A top oil official said international firms will face fines if they fail to meet any of their contractual obligations in Iran's new oil and gas projects.
"Foreign companies and contractors…
Grounds have been prepared to expand energy ties between Iran and Croatia to launch a wide range of power projects.
In a meeting between Alireza Daemi, the Iranian deputy…
Iran plans to participate in new oil and gas exploration and production tenders in Uzbekistan in Central Asia, managing director of Oil Exploration Operations Company said on Wednesday.
Oil slipped from a six-month high to trade below $49 per barrel on Tuesday after a deal between Libyan factions brought higher output a step closer, although outages in Nigeria and Canada lent…
Chinese state-owned energy giant Sinopec Group renewed its oil and gas condensates purchase contracts with the National Iranian Oil Company for a year and serious negotiations are underway to…
US shale oil output is expected to fall in June for the eighth straight month, according to a US government forecast, as the squeeze from a two-year rout in crude prices worsens.
Total…
Iran’s electricity consumption is predicted to rise 8% in summer, managing director of Iran Grid Management Company said on Tuesday.
“This translates into a shortage of 3,000 megawatts in…
Iran Power & Water Equipment & Services Export Company (SUNIR) welcomes collaboration with Cypriot enterprises in the energy sector.
In a meeting between Bahman Salehi, chief…
Oil market watchers have been keeping a close eye on Saudi Arabia ever since it announced last month that it could very well increase oil production if and when it wanted to, but analysts at…
Iran and Algeria have endured tough times due to the downturn in global oil market, but "the difficult spell of low prices is going to pass".
Iran's Energy Minister Hamid Chitchian traveled to Istanbul, Turkey, on Tuesday to take part in a summit of OIC ministers responsible for water. Chitchian is slated to meet Turkish ministers of…
Chinese firms will maintain their role in the second development phase of Iran's North Azadegan and Yadavaran oilfields under the same buyback agreements they had signed to develop the two fields…
Due to the sudden surge in Iran's oil and gas condensates production that reached 2.5 million barrels per day, 50% of the Persian Gulf country's crude are being exported by international…
A deputy oil minister criticized the disorganized and parallel export operations of petrochemical companies and said the companies should unite to launch a new round of rivalry with Saudi Arabia’s…
South Korea's imports of Iranian crude oil jumped 67% in April from the same month a year earlier, soaring after international sanctions were lifted on Iran's nuclear program.
Seoul brought…
Once Neka’s oil pool in Behshahr Operational Zone is completed, Iran’s oil swap capacity from North Oil Terminal will reach 2.5 million barrels, the Oil Ministry’s deputy for international affairs…
The higher-tier price for the domestic supply of gasoline will likely be set at 15,000 rials (around 45 cents) per liter.
Oil prices jumped on Monday on growing Nigerian oil output disruptions and after long-time bear Goldman Sachs said the market had ended almost two years of oversupply and flipped to a deficit.
The US has started gas supplies to the European market, which analysts believe cannot pose a threat to traditional suppliers like Russia and Norway. The first tanker with American LNG arrived…
Three bankruptcies last week show that $45-per-barrel oil is not enough to rescue the US energy companies on the verge of collapse. Since the start of 2015, 130 North American oil and gas…
Iran and China have signed a memorandum of understanding on Sunday on long-term cooperation in the oil and gas sector.
The agreement was signed by Amirhossein Zamaninia, deputy oil minister…
As a result of their crippling economic conditions, Greek refiners will settle their unpaid oil dues to Iran in installments.
