Energy

With oil prices trading near their highest level in two years, some traders are betting that the price rise could have more room to run.

Lebanon’s Energy Minister Cesar Abi Khalil on Friday called on companies bidding in its first round of licensing to explore for oil and gas in its Mediterranean waters to begin technical…

Bahraini authorities had brought under control a fire at an oil pipeline caused by an explosion, the civil defense said in a statement on Saturday.

Venezuela is set to pump the least oil in almost three decades, just when it needs petrodollars the most.

Output is expected to slump to 1.84 million barrels a day next year, the lowest…

In line with policies to develop petrochemical plants, talks are underway with France’s Axens to provide Nouri Petrochemical Company in southern Bushehr Province with technical expertise to…

Iran aims to shut 3,000 megawatts from decrepit power plants amid a push toward efficient fossil power stations and a flurry of investments in renewable resources, the head of Iran’s Thermal…

Tehran and Ashgabat are in talks on swapping Turkmenistan's hydrocarbons through Iran, despite being embroiled in a gas row that has lingered since last year.

Crude oil markets were slightly higher on Friday, supported by continuing supply cuts and expectations that an output deal will be extended at the end of the month.

A few days after US President Donald Trump made a high-profile pitch for Saudi Aramco to list on the New York Stock Exchange, prominent investor Mark Mobius said the city is "pretty much out" of…

Italy called on Friday for coal power plants across the country to be phased out by 2025 and for renewable energy to play a greater role as it moves to reduce its carbon footprint.

In a…

The insatiable demand for electricity cannot be met, unless the Energy Ministry puts demand management on top of its agenda, the energy minister said.

Iran has reported a lower than expected natural gas output from its giant South Pars field, as the country continues maintenance activities at some of the field's phases in the Persian Gulf.

Tehran and Ankara are taking steps to ease petrochemical trade by scaling back Turkey's import duties on Iranian petrochemicals, an official at the Petrochemical Downstream Industries Department…

The government has commissioned the construction of €6.3 billion ($7.3 billion) worth of renewable power plants through foreign investment, government's spokesperson said, as Iran takes steps to…

Some of Europe’s top utilities have called the EU’s green energy targets unambitious, urging the bar to be raised in the fight against climate change, a letter seen by Reuters said.

Iran’s daily gas supply to the Iraqi capital Baghdad has increased to 12 million cubic meters from about 7 mcm/d since supply began in June, the managing director of National Iranian Gas Company…

Domestic power and water contractors are implementing 58 energy projects overseas worth $6.1 billion, since the beginning of the current fiscal that ends in March 2018.

Nigeria would back an extension of OPEC’s production cut deal to the end of 2018 “as long as the right terms are on the table” relative to Abuja’s planned economic recovery, Oil Minister…

Italy could soon sell its stake in Eni to pay down debts, a source close to the matter told reporters on Monday.

The price of the stake in Eni has yet to be determined and officials from…

Oil eased on Tuesday, after having posted its largest gain in six weeks the previous day, while tension flared between Saudi Arabia and Iran, just as the Saudi crown prince tightened his grip on…

Iran's crude oil crossed the $57-a-barrel threshold for the second time this year as global prices continue to draw support from the prospect of extending a supply cut agreement between OPEC and…

As recently as OPEC's last meeting in May, several oil ministers were talking quite casually about $50 a barrel as a good price for crude. Do not expect that to be repeated when they convene…

A consortium, including energy companies BP and Royal Dutch Shell, will develop a blockchain-based digital platform for energy commodities trading expected to start by end-2018, the group said…

Oil prices hit their highest levels since July 2015 early on Monday as markets tightened, while Saudi Arabia’s crown prince cemented his power over the weekend through an anti-corruption…

Negotiations are underway between Tehran and Baghdad to transfer crude oil from Kirkuk fields to Iran instead of sending it to the Turkish city of Ceyhan under a possible swap agreement or in…