US shale production is expected to rise by about 145,000 barrels per day to a record 7.18 million bpd in June, the US Energy Information Administration said on Monday.
Energy
India will be counting on the financial support of Saudi Aramco and Emirati Adnoc for its planned $44-billion Ratnagiri refinery and petrochemical project, the country’s oil minister told…
South Korea's crude oil imports from Iran fell 24.9% year-on-year to 9.09 million barrels or 303,000 barrels per day in April, from 12.11 million barrels in the year-ago month, according to…
Esfahan Oil Refining Company has made concerted efforts for a long time to provide its units with much-needed water, the refinery's spokesman said.
Iranian and German officials have called for devising a roadmap for expanding cooperation in boundary waters and water management projects, including those on wastewater treatment.
…
Operations to build a 7-megawatt floating solar farm in the southeastern city of Zehak, Sistan-Baluchestan Province, started on Monday.
Mandana Zanganeh, the head of the provincial…
Oil prices on Monday fell away from last week’s multi-year highs as a relentless rise in US drilling activity pointed to increased output, while resistance emerged in Europe and Asia to US…
Rosneft beat first-quarter net income forecasts as profit jumped sevenfold to $1.3 billion buoyed by higher prices, Russia’s biggest oil producer said on Monday. That topped the $1.2…
Italian oil and gas giant ENI may not have any investments in Iran, but its CEO Claudio Descalzi sees disruption ahead for oil markets due to the reimposition of US sanctions on OPEC's third-…
OPEC is more focused on identifying the right level of oil inventory at its next meeting than the impact on supplies of new US sanctions on Iran, the UAE said.
President Donald Trump…
Close to 800 million barrels of oil were exported from Iran’s largest oil loading and export facility, the Kharg Oil Terminal, in the previous fiscal that ended on March 20, 2018, managing…
The number of minutes during which each electricity subscriber experiences blackout in Tehran Province dropped to 160 in the last fiscal year (ended March 20, 2018) from 250 minutes in the…
Construction operations for transferring associated petroleum gas from three oilfields in the southern province of Khuzestan to processing facilities were launched on Sunday in a ceremony…
Iran is set to double natural gas exports to the Iraqi capital Baghdad in June, as part of a plan formulated between the two sides last year, a senior energy official said.
Iran Power Plant Repair Company carries out overhaul operations on power plants with about 10,000-12,000 megawatts of power production capacity per year, the company’s managing director said on…
Despite the possibility of the enforcement of new US sanctions against Iran's petrochemical industry, European firms are interested in launching joint ventures with Iranian enterprises on…
Total has signed a memorandum of understanding with the government of Oman to develop natural gas resources in Oman, covering both upstream and downstream businesses.
China could be a chief beneficiary of the US decision to withdraw from the Iran nuclear deal, as it would give China leverage to demand oil imports be priced in yuan, several currency experts…
India’s oil minister on Saturday expressed concern about the rise in oil prices but said it was too early to predict the impact of US sanctions on his country’s imports of Iranian oil after…
Oil Minister Bijan Namdar Zanganeh said on Sunday Iran will continue to swap Turkmenistan's gas with Azerbaijan. "Tehran and Ashgabat have agreed not to stop swapping Turkmenistan's gas through…
Iran has acquired the know-how to design and build liquefied petroleum gas storage tanks, which places it among the top 10 countries with the technology, a member of the Association of Petroleum…
US President Donald Trump’s decision to scrap the Iran nuclear deal can be good for oil bulls but for natural gas drillers in America’s hottest shale play, it could be a disaster.
Crude prices fell in a seesaw session on Friday, retreating after early gains as it looked likely that European signatories would push to maintain the nuclear deal with Iran, which US…
In the wake of the US withdrawal from the Iran nuclear deal, Iran’s European customers are continuing to buy Iranian oil and are in no immediate rush to replace volumes, but some refiners and…
Lukoil and the Basra Oil Company signed a new development deal for West Qurna-2 field that provides for an oil production plateau of 800,000 barrels per day. The new deal calls for an increase…
