A rise in oil prices caused by the United States’ sanctions policies will hurt economic growth in China, Europe and other consumers, much like US President Donald Trump’s trade measures, a top…
Energy
Iran will take care to supply India with all the oil it needs, the country’s embassy in India said, a day after its deputy ambassador threatened that Iran could turn the tap off if India cut…
OPEC forecasts world demand for its crude will decline next year as growth in consumption slows and rivals pump more, pointing to the return of an oil market surplus worsened by an OPEC-led pact…
Energy Minister Reza Ardakanian on Thursday inaugurated a 230-kilovolt electrical substation in Germi in the northwestern Ardabil Province.
Ardakanian said the project, which has come on…
The National Iranian Oil Products Distribution Company has reduced gasoline imports from 9 million liters per day to 5.7 ml/d in the second quarter of the current fiscal year (started June 22),…
The decrepit power distribution network is a major factor contributing to soaring electricity blackouts in the capital Tehran, a member of Iran Electricity Industry Syndicate said.
"A…
The UK should back renewables and support only one more nuclear plant after Hinkley Point C Power Station before 2025, because renewable energy is the safest bet for a low-cost energy system for…
Thousands of protesting tribesmen in southern Iraq have threatened to paralyze oil production, if the hundreds of companies running the oilfields fail to employ them.
Tensions in Basra…
Saudi Arabia lifted production in June to an 18-month high, but that was barely enough to move the needle for OPEC as a whole, as the kingdom's gains were largely offset by turmoil in Libya and…
The United States will consider requests from some countries to be exempted from sanctions it will put in effect in November to prevent Iran from exporting oil, US Secretary of State Mike Pompeo…
Sanctions against the Russian oil industry will affect oil production in 2020, according to the report from the Analytical Credit Rating Agency. According to the report, after the introduction…
Iran will end facilities provided to India if the latter embarks on replacing Iranian oil with that of other countries under the US unilateral sanctions, Iran's charge d'affaires said in New…
An independent Chinese refiner has suspended crude oil purchases from the United States and has now turned to Iran as one of its sources of crude, media reports cited an official from the…
Energy Minister Reza Ardakanian said on Tuesday Tehran and Yerevan need to boost efforts to complete their joint projects in the energy sector, including the third electricity transmission line…
Italian oil giant Eni announced a second oil discovery in Egypt’s Western Desert on Monday, some 130 km north of the Siwa oasis, a statement by Eni reads. In an official statement published on…
The president of OPEC defended the oil producer group on Monday against US President Donald Trump’s recent demands for higher oil output, saying OPEC does not shoulder the blame.
Saudi Aramco is more resilient to oil price slumps than its biggest listed rivals, its 2016 accounts indicate, giving a rare insight into the state energy giant’s finances ahead of a proposed…
Iran’s vice president acknowledged on Tuesday that US sanctions would hurt the economy, but promised to “sell as much oil as we can” and protect banking.
Es’haq Jahangiri added that…
Iran’s capital market is not prepared for the launch of an oil bourse, as it needs to be connected with global markets and supported by the international banking system, a member of the…
In the wake of severe drought affecting 334 cities with a combined population of 37million over the past two years, the administration has allocated $237 million to undertake 195 water projects…
By restoring sanctions against Iran, the administration of US President Donald Trump has forced companies, including French, to stop operating in Iran.
Tehran is threatening to block the Strait of Hormuz, a crucial artery for oil shipments from the Middle East should Iranian exports be hampered. This will result in a huge loss of global crude…
US President Donald Trump has once again taken to Twitter to slam OPEC for driving up oil prices.
The group is a useful scapegoat for blaming rising gasoline prices at home, but…
Mexican President-elect Andres Manuel Lopez Obrador will seek to end the country’s massive fuel imports, nearly all from the United States, during the first three years of his term while also…
India's crude oil import from Iran has been in focus recently after the US administration asked its allies to stop importing from its adversary. Government sources told CNBC that the Indian…
