Oil prices rose slightly on Tuesday after Saudi Arabia said it would make significant export cuts in July amid signs of a drawdown in US crude inventories, though increasing US output continues to…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Major oil companies could shift more than a fifth of their drilling investments to renewable energy as wind and solar grow rapidly over the next two decades, Wood Mackenzie says.
But modern…
Austrian energy group OMV and Russia's Gazprom are considering reviving a gas pipeline project through the Black Sea connecting Russia to central and southern Europe, an Austrian newspaper said on…
Shale oil production in the United States is expected to jump again in July, marking the fourth straight month the Department of Energy has forecast monthly growth above 100,000 barrels a day.
Iran has cleared more than 40% of the fine it was told to pay Turkey by an international tribunal for overpricing natural gas it sold to the Eurasian country, said Asadollah Gharekhani, spokesman…
Oil rose on Monday to break a three-day losing streak, after futures traders increased their bets on a renewed price upswing even though physical markets remain bloated, especially from a…
The oil market is likely to move into balance by the first quarter of 2018 when the global inventory falls to a five-year average, said Russia's Energy Minister Alexander Novak on Sunday, as he…
Iran is well-positioned to sign major oil contracts by the end of the present fiscal in March, said Ali Kardor, chief executive officer of the National Iranian Oil Company.
"We…
A combined heat and power (CHP) plant is ready for launch in Germi County in the northwestern province of Ardebil, an advisor to Iran Power Generation, Distribution and Transmission Company (…
Energy giant BP is expected to announce whether or not it wants to play a role in developing Ahvaz Oilfield in Khuzestan Province after evaluating a contractual model proposed by the National…
The Research Institute of Petroleum Industry (RIPI) is intent on acquiring the expertise for producing petroleum coke and subsequently establish a production plant for the oil derivative, an…
Saudi Arabia, the world's top oil exporter, will limit volumes of crude to some Asian buyers in July and deepen cuts in allocations to the United States, industry sources with knowledge of the…
With natural gas prices closely associated with movements in global crude oil benchmarks, it is not economically viable to export gas as long as oil is struggling at around $50 a barrel.
As the United States was withdrawing from the Paris climate pact, China’s clean energy ambitions were being reflected in the launch of the world’s largest floating solar farm.
A deal among oil-producing countries to curb production and balance an oversupplied market will achieve its objective in the first quarter of next year, Russian Energy Minister Alexander Novak…
Pipe-laying operations are underway to connect an offshore platform of Phase 13 of the South Pars Gas Field in the Persian Gulf to onshore facilities in the port city of Asalouyeh, Payam Motamed,…
Renewable sources of energy generated more electricity than coal and gas in the UK for the first time last week, Britain’s multinational electricity and gas utility company, National Grid plc…
Total, Petronas and Inpex Corporation have presented development plans for the South Azadegan Oilfield, leading the line of international energy majors wanting to return to Iran's oil and gas…
OPEC's battle against an oil glut is under threat as unsold crude from members Nigeria and Libya, which are exempt from a global production-cutting deal, is swamping the Atlantic Basin.
There is no evidence a pact by global oil producers to curb output needs to be adjusted, Saudi Arabian Energy Minister Khalid al-Falih said on Saturday, describing the recent weakness in crude…
Consumers can and should significantly cut their energy bills by revising consumption patterns and upgrading aging cooling systems, according to an official at Iran Power Generation, Distribution…
Production of gas condensates from South Pars Gas Field in the previous fiscal that ended in March amounted to 203 million barrels, the export planning manager of South Pars Gas Company said.
President Donald Trump announced last week that the US would withdraw from the Paris climate accord, saying that America bears too much of the burden and that he will seek better terms.
Energy Minister Hamid Chitchian on Saturday called for incentives to encourage private investment in water and power projects in a bid to reduce the government footprint over the two key…
Iran's oil exports to the West surged in May to their highest level since the lifting of sanctions in early 2016 and almost caught up with volumes exported to Asia, a source familiar with Iranian…
