The three most closely watched market forecasters have divergent market outlooks for this year in their most recent monthly reports, with the US Energy Information Administration forecasting…
Energy
US crude extended gains in subdued trade on Friday as the dollar slipped to a three-year low, with many Asian markets closed for the lunar New Year holiday.
Oil dipped on Wednesday, squeezed by lingering oversupply, including rising US inventories and ample physical flows, though the prospect of Saudi output dropping in March, economic growth hopes…
Oil prices have rebounded nearly 60% since June, with Brent crude rising to three-year highs of above $71 a barrel, prior to a pullback last week that wiped out its gains for 2018.
Ethane production from phases 17 and 18 in the giant South Pars Gas Field in the Persian Gulf has risen by 42% after thorough overhaul operations, the head of the complex's seventh refinery said…
Iranian petrochemical production in the first 10 months of the current fiscal year (March 21, 2017- Jan. 20) exceeded 44 million tons, the portal of the National Petrochemical Company said in a…
Azar Oilfield, located in Anaran block bordering Iraq in Mehran, lIam Province, will double its output capacity in the next fiscal (starting March 21) as the field's development has registered a…
Iranian firms have the capacity to provide up to 70% of equipment needed by South Pars Phase 11, which is due to be developed by France’s Total and its partners, chairman of the board of…
Russian banks and a joint Russia-China investment fund are eager to participate in Saudi Aramco’s initial public offering, according to the head of a sovereign Russian investment fund.
The number of compressed natural gas stations has reached 2,400, the National Iranian Oil Refining and Distribution Company's director for CNG stations said.
An operational program for Yaran Oilfield near the Iraqi border is slated to be prepared within a week, the chief executive officer of Iran’s Petroleum Engineering and Development Company (PEDEC…
The Energy Ministry has launched plans to establish 40 small-scale power plants with distributed generation systems in the northern provinces of Mazandaran and Golestan with the help of the…
Close to 1.8 billion kilowatt hours of electricity have been generated from renewable sources since June 2009.
According to state-owned Renewable Energy and Energy Efficiency…
Oil prices rose on Tuesday, lifted by a rebound in global stock markets that followed sharp falls last week, as well as by a weaker dollar that potentially supports more fuel consumption.…
The rise in global oil production, led by the United States, is likely to outpace growth in demand this year, the International Energy Agency said on Tuesday.
Exiting the OPEC output reduction deal could take two to five months of negotiations, Russian Energy Minister Alexander Novak said on Monday, according to a report by Reuters quoting Interfax.…
Oil rose 2% on Monday, recovering some of last week’s steep losses as global equities steadied after their largest one-week slide in two years.
Brent crude futures rose 95 cents to…
The government has allocated $1.2 billion to water management schemes in the five past years, a majority of which have been planned in collaboration with the private sector, data released by the…
The completion of value chain in the petrochemical industry, which calls for developing the downstream sector, will further increase revenues from exports, a member of Iran Chamber of Commerce,…
The gas grid will expand to cover 99% of urban and 90% of suburban population by 2020, the National Iranian Gas Company's director for gas supply said.
Asia’s rapacious thirst for liquefied natural gas is sucking supplies from surprising places. China to Japan and South Korea are paying top dollar for the super-chilled fuel. The pull is…
With years of austerity in their rear-view mirrors, the world’s biggest oil companies are locked in a contest to lure investors with promises of growth and greater rewards.
Development plans presented for the South Azadegan Oilfield are comprehensive and competitive, because of which they should be scrutinized closely.
Tehran hopes to sign contracts with Russian oil and gas companies in 2018, as there is noticeable progress in its cooperation, particularly with Rosneft and Gazprom, Iran's ambassador to Russia…
Fitch Ratings says Shell, Total and British Petroleum are adjusting their operations to match the realities of an under-$60-barrel price in the long run, according to a new report by Forbes.…
