Oil fell for a third day on Wednesday, but remained on track for its biggest gain in January in five years, in spite of data that showed US crude stocks rose more than expected last week and a…
Energy
Natural gas consumption in Iran's household sector hit 550 million cubic meters on Monday, as cold weather continued to sweep across many regions, the spokesman of National Iranian Gas Company…
National Iranian Oil Company’s Department of Reservoir Management is assessing development proposals submitted for Karanj Oilfield, a reservoir in Khuzestan Province, by Pergas Consortium, a…
Iraq is expected to start crude oil exports from its northern Kirkuk Oilfield to Iran next week, an Iraqi oil official said.
Alaa al-Yasiri, acting director general of Iraqi state oil…
Turkmenistan-Afghanistan-Pakistan-India gas pipeline project is unlikely to pose a challenge to a postponed plan to export Iran's natural gas to Pakistan, Oil Minister Bijan Namdar Zanganeh said…
Energy Minister Reza Ardakanian on Tuesday inaugurated a power plant project in the town of Parand near Tehran and broke ground on several water supply and electricity generation ventures,…
Indecision over where to list the shares of the world's largest energy company is reportedly playing a major role in holding up what is expected to be the biggest-ever initial public offering.…
Oil fell on Tuesday for a second day as a strengthening dollar dented risk-linked assets, such as equities and other commodities, together with rising US output, pushing the price below $69 a…
Britain probably will risk more energy supply shortages after leaving the European Union, a panel of lawmakers from the House of Lords said, adding to pressure on the government to bring forward…
Plans are underway to finalize a contract to develop Mansouri Oilfield, a reservoir of 3.3 billion barrels of crude south of Iran, by early March, the chief executive officer of National Iranian…
Pardis Petrochemical Company has signed a memorandum of understanding with KBR, an American technology and services provider, to improve its processes and equipment.
The preliminary…
Most of the subcontracts to develop Phase 11 of the South Pars Gas Field in the Persian Gulf will be awarded to domestic companies, the chief executive officer of Pars Oil and Gas Company said…
Tehran is ready to file a case with the International Court of Arbitration over the quality and price of gas it receives from Turkmenistan, Oil Minister Bijan Namdar Zanganeh said on Monday, as…
Iraq plans to build an oil refinery at the Faw Port on the Persian Gulf with the cooperation of two Chinese companies and is seeking investors to build three more, the oil ministry said on its…
Tehran's water consumption is about 1.5 times over and above the national average, the head of Tehran's Management and Planning Organization said.
"Water consumption has increased at a…
Heavy snowfall has led to power rationing to industrial users in central China and forced closure of airport in eastern Nanjing city, local media reported on Sunday. Central provinces of Hunan…
Analysts expect big energy companies to play a major role in deal-making during another solid year for oil and gas mergers and acquisitions.
Saudi Basic Industries Corp (SABIC), the world’s fourth-biggest petrochemicals company, reported an 18.6% drop in fourth-quarter net profit, missing analysts’ forecasts, as sales dropped and its…
A rally in Iran's oil prices cooled in the week to January 19 as the country's light crude settled below $69 a barrel in the week.
Each barrel of Iran's light crude oil traded at $68.81…
Talks are underway with international companies over a string of oil projects that could lift oil output capacity by 1.7 million barrels per day, Oil Minister Bijan Namdar Zanganeh said at…
The 10 largest upcoming onshore oil projects worldwide are expected to add 1.135 million bpd to the global oil supply by 2025, according to research and analytics firm GlobalData.
These…
Oil prices settled higher on Friday after hitting three-year highs, with crude also posting a weekly gain as a weaker US dollar underpinned prices.
US West Texas Intermediate crude…
Iran is squeezing record volumes of gas from two offshore phases of the giant South Pars Gas Field in the Persian Gulf, as falling temperatures in the next few weeks are expected to drive…
France will not increase carbon emissions, as it reduces its reliance on nuclear energy in coming years, a junior minister told energy newsletter Enerpresse.
The United States opposes the planned Nord Stream-2 natural gas pipeline that would connect Russia and Germany, believing it would undermine Europe’s energy security, US Secretary of State Rex…
