Saudi Arabia is slashing shipments of crude to the United States, a move that appears calibrated to boost oil prices after a swift and punishing sell-off. The move could put the kingdom at…
Energy
Japanese refiners are considering resuming Iranian oil imports from January following Washington's recent sanctions waiver, but the window to load cargoes could halt in two months amid…
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The Indian government is eyeing proceeds of more than $2 billion from the sale of parts of its stakes in three of the biggest oil companies in the country: ONGC, Indian Oil Corp, and Oil India…
Tabriz, the capital of East Azarbaijan Province in Iran’s northwest, is witnessing a much-awaited development in the expansion of its electricity infrastructure.
Taiwan's Iranian crude oil imports would be capped at 5.99 million barrels in 2018, down 40% from the 9.95 million barrels in 2017 due to the snapback of US sanctions.
President Vladimir Putin said he discussed the price of oil with US counterpart Donald Trump when they met in Paris briefly on Sunday, adding that Russia is happy with current prices.
Oil prices rose on Friday amid expectations of supply cuts from OPEC. US West Texas Intermediate crude oil futures were at $56.84 per barrel, up 38 cents, or 0.7%, from their last settlement.…
Of the 7.5 billion cubic meters of water consumed in the country, 4.3 billon of wastewater is produced annually which, if treated, can make up for the rising deficit in the water resources, the…
Bolstered by a steep decline in the value of rial, gasoline and diesel smuggling business has shot up by 50% in underdeveloped Sistan-Baluchestan Province. Close to 20 million liters of…
Petrochemical production in the first seven months of the current fiscal (March 21- Oct. 22) reached 32 million tons, the National Petrochemical Company said in a report. Of the total output,…
Iraq has restarted exports of Kirkuk oil, halted a year ago due to a standoff between the central government and Kurdistan’s semi-autonomous region, industry sources said on Friday after a new…
US shale may be the darling of the oil industry now, but the boom is not going to last, according to the International Energy Agency. The richest areas will have been exploited by the mid…
Tehran received 46 millimeters of rainfall in the first 50 days of the autumn season, which shows a 300% increase compared to the 11mm of rain that fell in the corresponding period last year,…
Iran pumped around 3.29 million barrels per day in October, down from 3.45 million bpd in September, OPEC data shows.
According to OPEC secondary sources, Iran's average crude…
Iraq has agreed with Iran to exchange Iraqi food items for Iranian gas and energy supplies, two Iraqi government officials said on Wednesday. Baghdad is now seeking US approval to allow…
The Thermal Power Plants Holding Company says it will shut decrepit power plants producing 1,200 megawatts amid a push toward efficient electricity production and investments in renewables, head…
A liquefied natural gas cargo from the United States has arrived in China, the first such cargo since Beijing imposed a tariff on US imports, shipping data from Refinitiv Eikon showed on Monday…
OPEC will not respond to US pressure to lower oil prices but will seek to maintain a balanced market, UAE energy minister Suhail al-Mazrouei said Tuesday, after President Donald Trump warned the…
The Organization of the Petroleum Exporting Countries hasn't been effective in stabilizing oil prices, which have been more dependent on US shale production than the actions of the…
Natural gas is expected to overtake coal as the world’s second largest energy source after oil by 2030 due to a drive to cut air pollution and the rise in liquefied natural gas (LNG) use, the…
As the world's third largest natural gas producer, Iran can expand its footprint in international markets by investing in major liquefied natural gas projects and consuming the natural resource…
To improve stability in power supply in Khuzestan Province and reduce outages, 12 gas-insulated substations will become operational soon, Khuzestan's governor general said.
The second phase of Ghadir Water Supply Project was launched in Abadan on Monday. Completed at a cost of $38 million, it provides water from Karkheh River to Ghadir Water Treatment Plant and…
Saudi Arabia is not preparing for a break up of OPEC and believes the group will remain the global central bank for oil for a long time, Saudi Energy Minister Khalid al Falih said on Monday.…
Oil prices jumped more than 1.5 % on Monday after top exporter Saudi Arabia announced a supply cut in December and other producers also considered reductions heading into 2019. Front-month…
