Oil prices dipped on Wednesday on renewed concerns about the efficacy of OPEC-led production cuts due to rising tensions within the export group over Qatar and growing US output.
Energy
Iranian oil export to Turkey increased more than two times to 211,101 barrels per day during the first quarter of 2017 from the same period last year. According to the statistics released by…
Oil prices fell below $50 a barrel on Tuesday on concerns that a diplomatic rift between Qatar and several Arab states including Saudi Arabia could undermine efforts by OPEC to tighten the market…
A group of conservation organizations sued the Environmental Protection Agency (EPA) on Monday, saying the agency unlawfully suspended Obama-era rules to cut methane pollution.
Natural gas supply capacity from the giant South Pars field to the southern and western regions will increase by 80 million cubic meters per day soon after the launch a new section of the national…
Gasoline imports reached 10 million liters per day on average since the beginning of the current fiscal in March, down almost 2 million liters from the previous fiscal, the National Iranian Oil…
Oil price agency S&P Global Platts said it will not automatically include Qatari-loading crude in its Middle East benchmark after Saudi Arabia and some other Arab states cut ties with Doha, a…
The South Zagros Oil and Gas Production Company is speeding up exploration and production activities at inland oil and gas fields, where upstream projects have been delayed due to priority…
Energy Minister Hamid Chitchian was in Sistan-Baluchestan Province on Sunday for a closer look at the serious challenges in the southeastern region, notably a string of power outages as well as…
About 20% of Iran’s electricity is generated via derelict power plants built more than a quarter century ago.
According to ISNA, one-fifth of the ageing thermal power stations are between…
The National Iranian Tanker Company (NITC) is exploring the potential for placing its first orders for very large crude carriers (VLCCs) since the easing of international sanctions, says managing…
Iran and Russia inked a roadmap for cooperation in the energy sector at the 21st St. Petersburg International Economic Forum (SPIEF 2017) as Russian companies expressed interest in developing Iran…
Russia's Gazprom Neft and Austria's OMV will work together in Iran's oil sector under a memorandum of understanding, OMV said.
"Preliminary possible spheres of cooperation include analysis…
OPEC discussed cutting its oil output by a further 1-1.5% when it met last month, three sources familiar with the matter said, and could revisit the proposal should inventories remain high and…
Oil rose on Monday after top crude exporter Saudi Arabia and other Arab states cut ties with Qatar, driving up prices on concerns over increased tension in the Middle East.
Saudi Arabia,…
Restoring relations with oil majors and raising crude production top Iran Oil Ministry's priority list, Bijan Namdar Zanganeh, the oil minister, said.
In a letter to Ali Kardor,…
Oil fell to a three-week low on Wednesday on news that Libyan output was recovering from a technical issue at an oilfield, fuelling concerns that OPEC-led output cuts on reducing global…
The four biggest buyers of Iranian crude oil in Asia increased their imports in April by nearly 23% from a year earlier as Tehran's exemption from a global production cuts favors the country's oil…
South Pars Gas Field's development phases 17-21 will add more than 150 million cubic meters per day of gas from the giant offshore field when fully operative, said the CEO of National Iranian Oil…
A 25 megawatt mobile power plant built by MAPNA Group was synchronized successfully with the national power grid in Noshahr County in the northern Mazandaran Province on Wednesday. …
Oil Minister Bijan Namdar Zanganeh says Iran plans to raise crude oil output by 700,000 barrels per day in the long run, a decision that does not interfere with OPEC's short term reduced supply…
OPEC and non-OPEC countries are committed to bringing global oil inventories down to the industry's five-year average, Saudi Energy Minister Khalid al-Falih said on Wednesday, adding he saw the…
Overhaul of the South Pars Phase 1 gas rig has been completed by domestic engineers said an official at Pars Oil and Gas Company who oversees Phase 1 production.
Iran has received more than $4 billion from the Emirates National Oil Company (ENOC) as part of the country’s retailer’s settlement of its debts owed to Iran for pre-sanction oil and gas purchases…
Oil prices fell on Tuesday, pressured by concerns that production cuts by the world's big exporters may not be enough to drain a global glut that has depressed the market for almost three years.…
