Oil retreated from this week’s eight-week highs above $52 a barrel on Wednesday, following a bearish combination of rising US inventories, an outage at a major European refinery and increasing…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Russia’s crude oil output is down 307,600 barrels per day, compared to October levels, the country’s oil minister said.
“At the end of July 2017, the reduction of oil production stood at…
The Federal Reserve Bank of Dallas has released its Energy Update report for July, predicting a further fall in West Texas Intermediate and natural gas prices.
Despite the price fall,…
A Royal Dutch Shell refinery in Rotterdam, the Netherlands, will remain closed until mid-August after a fire at the facility’s electricity stations caused it to shut down over the weekend,…
Iran is looking to expand oil and gas trade in Caspian Sea and increase efforts to tap into the region’s massive hydrocarbon deposits after years of idleness in the Caspian energy market, Oil…
Iran’s Behin Energy Company has signed a memorandum of understanding with two South Korean firms for collaboration in wide-ranging energy projects.
Production from crude oil layers of South Pars Gas Field in the Persian Gulf can increase fivefold from the current level, the spokesman of Majlis Energy Commission said on Tuesday.
Tehran is close to sealing new petrochemical deals with major European companies, a deputy oil minister said on Wednesday.
The Energy Ministry has expanded high voltage power transmission lines by 3.3% over the past four years.
According to the ministry data, the total extent of 132 kV power lines has reached…
Royal Dutch Shell on Tuesday submitted a proposal to the Petroleum Engineering and Development Company for developing Azadegan and Yadavaran oilfields south of Iran.
Some European oil majors have made inroads into the emerging US offshore wind energy market, aiming to leverage their experience of deepwater development and the crowded offshore wind arena at…
Studies conducted by the National Iranian South Oil Company over the last four years show Iran’s recoverable crude oil reserves have increased by 4.4 billion barrels, the managing director of…
Oil traded near $53 a barrel on Tuesday, close to a two-month high, supported by signs that a persistent inventory glut is starting to ease and strong global demand, although stronger OPEC…
BP expects global oil prices to hold within a range of $45-55 a barrel next year, as US shale production grows, the British company’s chief financial officer said on Tuesday. After a slow start to…
A deal between Tehran and French energy company Total to develop Phase 11 of the South Pars Gas Field in the Persian Gulf has been approved by the top domestic body that oversees oil and gas…
Oil Minister Bijan Namdar Zanganeh inaugurated a gas pipeline on Tuesday that will ensure a steady supply of clean fossil fuel to northern regions, particularly in the cold season when demand…
OPEC output rose last month by 90,000 barrels per day to a 2017 high, a Reuters survey found, led by a further recovery in supply from Libya, one of the countries exempt from a production-cutting…
Tokyo will begin discussions on revising the country’s basic energy plan next week, Japan’s Minister of Economy, Trade and Industry Hiroshige Seko said, although he expects no change in the basic…
Oil rose on Monday, putting July on track to become the strongest month this year, as news of a producers' technical meeting next week added to bullish sentiment driven by the threat of US…
Royal Dutch Shell Plc plans to cut more than 400 jobs in the Netherlands, mainly at its major projects and energy technology operations, as the oil giant shifts its business model in response to…
Alphabet Inc's secretive 'X' company, which hatched Google's driverless car almost a decade ago, is working on an advanced system for storing renewable energy that would otherwise be wasted.
The Iranian Oil Pipeline and Telecommunications Company is implementing a data collecting system for pipelines, known as supervisory control and data acquisition (Scada), the company’s director of…
Electricity demand in Iran during the fiscal 2016-17 rose by 2,700 megawatts, which is more than the average consumption level of Armenia at 1,800 MW, a deputy energy minister said on Monday.
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Tehran and Islamabad should come to a resolution on a protracted project for the export of Iran's natural gas to Pakistan through a pipeline, the deputy oil minister for international affairs said…
Imports of Iranian crude by major buyers in Asia fell for a second month in a row to a 14-month low in June, weighed down by sluggish purchases by China and Japan.
