Oil markets were split on Tuesday, with US crude still carrying momentum from Friday’s gains due to a holiday on Monday while international Brent prices eased.
US West Texas Intermediate…
Energy
Oil market participants and analysts have been closely watching the record level of supply coming out of the United States that is threatening to undo OPEC’s production cuts.
Solar power is becoming an increasingly important part of the planet's energy mix. In 2016, solar photovoltaic grew faster than any other fuel, with China responsible for nearly half of…
OPEC and non-OPEC oil producers, including Russia, will discuss extending their cooperation for many more years when they meet in June as they seek to avoid major market shocks, the UAE energy…
Supplying natural gas to power plants, instead of liquefied fuels such as diesel and mazut, has not only curbed air pollution but also increased foreign currency revenues.
Iran's Petroleum Engineering and Development Company has signed a contract with unnamed international companies to lease transportable refining equipment to increase crude output in West Karoun…
Data released by the National Iranian Oil Products Distribution Company shows gasoline consumption in the Iranian month to Feb. 19 averaged 80.2 million liters per day.
Gasoline used in…
In April through January, the first 10 months of this fiscal year, India imported about 17% less Iranian oil at about 442,800 bpd.
The US administration on Friday said it would offer the largest oil and gas offshore auction in the country's history on March 21 for areas in federal waters off the Gulf Coast of Mexico, less…
The UAE will remain committed to the global oil output reduction deal to eliminate the remaining glut on the market, which amounts to 100 million barrels to reach the average target of the…
Egyptian Natural Gas Holding Company has arranged for the delivery of three liquefied natural gas cargoes from France’s Engie in the second quarter of 2018, EGAS sources said on Sunday. Trade…
The Petrochemical Research and Technology Company of Iran plans to collaborate with 12 international firms in scientific fields, the state-run company’s managing director said on Saturday.
The first gas sweetening train in Phase 13 of South Pars Gas Field in the Persian Gulf is ready to go on stream to inject the strategic fuel into the national gas grid.
According to…
In line with efforts to deliver natural gas to far-flung locations and boost exports, the country's national gas grid capacity will reach 1,100 billion cubic meters per day before 2025, the…
Europe wants countries rich in natural resources to join the Southern Gas Corridor.
European Commission Vice President for Energy Union Maros Sefcovic announced the above at the press…
New oil and gas project startups and higher oil prices helped Italy’s oil major Eni to return to profit in 2017 and more than double fourth-quarter earnings on the back of record oil and gas…
Oil prices edged up on Friday as a rebound in the global equities market and a weak dollar supported crude’s recovery from last week’s slide. Global stocks rallied for a sixth straight session…
In line with efforts to minimize blackouts in the capital, wastage in Tehran's electricity grid has been cut from 9.3% to 3.2% in four years, the chief executive officer of Tehran Province…
Water transfer from the Caspian Sea in the north and the Persian Gulf in the south to dry and water-stressed regions in central Iran is not economically viable and needs more thorough studies, a…
Russian oil and gas firm Zarubezhneft Company has signed a memorandum of understanding with IDRO Oil, a subsidiary of the Industrial Development and Renovation Organization of Iran, to conduct…
The Petrochemical Research and Technology Company, a subsidiary of Iran's National Petrochemical Company, signed a memorandum of understanding this week with Shazand Petrochemical Company for…
The National Iranian Oil Company has reached an agreement with two unnamed domestic firms on preserving and transferring associated petroleum gases to curb air pollution and prevent wastage, a…
In line with efforts to protect the environment against the devastating effects of oil industry, Gachsaran Oil and Gas Production Company has processed close to 800,000 barrels of oil with the…
Oil producers led by Saudi Arabia and Russia aim to draft an agreement on a long-term alliance by the end of this year, UAE Energy Minister Suhail al-Mazroui told the local National newspaper on…
South Korea’s crude oil imports from Iran fell 47% in January from a year ago to 950,013 tons, or 224,632 barrels per day, the lowest since October 2016, customs data showed on Thursday. …
