India, the second biggest crude customer of Iran, may cut its imports from the Islamic Republic by half to secure a waiver from the US to continue with shipments, people familiar with the matter…
Energy
British renewable energy investor Quercus said it will halt the construction of a €500 million ($570 million) solar power plant in Iran following the recent reimposition of US sanctions on…
Gasoline prices in Venezuela will soon catch up with world market ones, as the government seeks ways to tackle rampant fuel smuggling that, according to president Nicolas Maduro, is costing the…
Indonesia’s PT Pertamina will get an extra 225,000 barrels per day of crude oil under a government plan requiring all contractors in the country to sell their output to the state energy firm to…
Iran's oil sector can retain its old customers in spite of US sanctions that will take effect on Nov. 4, a senior energy analyst said.
“Some countries in Europe are traditional consumers…
The Energy Ministry has called on the Renewable Energy and Energy Efficiency Organization—a state-owned entity also known as Satba—to prepare the ground for private sector investment in and…
A research report by Swiss investment bank UBS believes the cost of energy renewables could be so near to zero by 2030 “it will effectively be free”, according to projections published on Monday…
Total is awaiting a decision by China National Petroleum Corp. on whether it will take over its stake in the development of Iran's giant South Pars Gas Field, the company said on Monday.
India has launched the second round of bidding for small fields estimated to contain as much as US$14 billion (1 trillion Indian rupees) worth of oil and gas reserves.
The Indian…
Oil prices rose on Tuesday after Saudi Arabia said it had cut production in July, although concerns over a slowdown in global economic growth kept a lid on markets. Benchmark Brent crude oil was…
The National Iranian Oil Products Distribution Company has launched six portable fuel stations on the crowded roads of northern Iran where demand for gasoline is very high.
A diesel hydrotreating unit, which is a part of the plan to raise production capacity and quality, is near completion at Bandar Abbas Oil Refinery in the southern Hormozgan Province, the…
Identifying sustainable water and energy consumption patterns to meet the current and future generations' needs tops the Energy Ministry's agenda.
Energy Minister Reza Ardakanian made…
Five Caspian Sea states reached a breakthrough agreement on sovereign rights to the sea, paving the way for new oil and gas plans after more than two decades of disputes.
Workers at three of Total’s North Sea oil platforms started a 12-hour strike on August 13 as planned after talks with the company failed last week, regional officer for the Unite union, Wullie…
Oil prices slipped on Monday as trade tensions and troubled emerging markets dented the outlook for fuel demand, but US sanctions against Iran pointed toward tighter supply ahead.
…
PetroChina Company Limited may temporarily halt the purchase of US liquefied natural gas spot cargoes through the winter to avoid potential tariffs amid a trade conflict between the US and China…
National Iranian Oil Company's reduction of official selling price for Asian buyers is not higher than the global market norms and is on par with trends followed by all producers, a company…
Groundwater reserves in Tehran Province have fallen by 150 million cubic meters per annum, the director for water reserves conservation at the Regional Water Company of Tehran said.
Experts of the National Iranian Oil Refining and Distribution Company are producing 80% of catalysts required for manufacturing oil products, the company's commercial manager said.
Iraq's Oil Ministry is discussing prospects of increasing gas import from Iran for its industrial and residential sectors, a senior energy official said.
The Russia-led Nord Stream 2 consortium said on Sunday it has applied to Denmark for an alternative gas pipeline route through the Baltic Sea that would avoid the Nordic state’s territorial…
Venezuela's state-owned PDVSA's dependence on its US unit Citgo for refined products and diluents could be jeopardized by a US court order on Thursday, which may result in the company losing…
While it is true that China's crude oil imports recovered slightly in July, it was still among the lowest so far this year due to a decline in demand from smaller independent “teapot” refineries…
American drivers are unlikely to see prices at the pump fall, if crude is released from the Strategic Petroleum Reserve because US oil production already is sky high, analysts said. The…
