Goldman Sachs Group Inc. hiked its short-term crude oil price forecast by as much as 33%, saying the market is now likely balanced.
Energy
South Australia’s state premier Jay Weatherill announced a plan on Sunday to create a network of 50,000 home solar systems backed by Tesla Powerwall batteries, ahead of a state election in March…
In the current week marking the 39th anniversary of the Islamic Revolution, 100 water and wastewater plans in urban and rural areas worth over 100 trillion rials ($2.1 billion) will come on…
Oil Minister Bijan Namdar Zanganeh said on Sunday the country's oil output has increased by 165,000 barrels per day in the last 10 months compared with the corresponding period of last year.…
Germany has allowed Russia’s Gazprom to build and operate the Nord Stream 2 gas pipeline in the country’s territorial waters.
The decision comes as bad news for Poland, which fears…
Foreign investors have finalized $12.3 billion worth of contracts in Iran’s power sector, the energy minister said in an interview with the state television on Sunday.
Bushehr Nuclear Power Plant's first unit in southern Iran has generated 27.5 million kilowatt-hours of electricity since it went on stream in 2011.
Exxon Mobil Corp said on Friday that it expects global oil demand to drop sharply by 2040, if regulations aimed at limiting the impact of greenhouse gas emissions on climate are fully…
The incumbent US administration may be preparing a very bad surprise for the renewable energy industry and environmentalists with a proposal to cut funding for clean energy and energy efficiency…
Oil prices fell on Friday as the dollar surged following strong US jobs numbers, though compliance with output cuts by OPEC and rising global demand kept much of the early-year oil rally in…
Iran's state operator of thermal power plants is on pace to divest a spate of power stations to reduce the government's footprint in the key energy industry.
In line with plans to raise crude output by developing shared reservoirs with Iraq, plans are underway to commence the second phase of West Karoun oil block development, the deputy head of the…
Crude oil production from the offshore Abouzar Oilfield in the Persian Gulf is set to increase by 12,000 barrels per day.
"The field's production is expected to rise via newly-installed…
Chevron Corp. had its best year of oil and natural gas discoveries in more than half a decade as rebounding energy prices lifted drillers out of the worst slump in a generation. Chevron found…
China's Petroleum and Chemical Corporation, known as Sinopec, is in talks with Iran's Petroleum Engineering and Development Company on developing the second phase of Yadavaran Oilfield in the…
Wall Street’s biggest banks have changed sides and are embracing a surge in oil prices.
Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co. have all issued a flurry of…
Oil rose for a third day on Friday after a survey showed strong compliance with output cuts by OPEC and others, including Russia, offsetting concerns about surging US production.
Brent…
Iran is burning off record amounts of natural gas to weather heavy snowfalls and freezing temperatures sweeping across many parts of the country over the past week, the National Iranian Gas…
A 492-megawatt combined-cycle power plant was inaugurated on Thursday in the city of Samangan in the central-eastern Kerman Province in a ceremony attended by Energy Minister Reza Ardakanian.
Clumps of oil have washed up on the shores of southern Japan and there are fears they may be leaking from an Iranian crude tanker that sank in the world’s worst such disaster in decades, the…
Saudi Arabia’s state oil giant Saudi Aramco and Google’s parent company Alphabet have entered into talks about potentially building a big technology hub in Saudi Arabia, The Wall Street Journal…
French oil and energy group Total said on Wednesday it had made a significant oil discovery at the Ballymore prospect in the deep offshore in the US Gulf of Mexico, its largest discovery in the…
The National Iranian Oil Company is awaiting further investigation into the disastrous fate of its oil tanker Sanchi, as it aims to eschew a diplomatic showdown with China over one of the worst…
Oil prices are unlikely to advance higher than $70 a barrel in 2018, with the market caught between the opposing forces of OPEC-led production cuts and surging US output, a Reuters poll showed…
Iran is being paid for its crude oil exports without any problem, the deputy oil minister for international affairs said, adding that the country's crude revenues verged on $50 billion in the…
