Saudi Arabia's crude oil exports rose by 275,000 barrels per day in March from February, and it built stocks that month despite a fall in crude production, official data showed on Thursday. OPEC's…
Energy
A global supply glut in liquefied natural gas will persist for the next two to three years, the CEO of Thailand's state-run oil and gas giant PTT told CNBC. "Globally, we have surplus capacity in…
Export of natural gas to Iraq could commence in a week, managing director of the National Iranian Gas Company said in a statement Tuesday.
“A delegation from the NIGC has traveled to Iraq…
In line with policies to curb flaring of natural gas in refineries, the first flaring torch at the first South Pars Refinery in the city of Asalouyeh, Bushehr Province, was shut down on Wednesday…
Saudi Arabian Oil Co. agreed to build a refinery and petrochemical plant in China, deepening ties between world’s biggest oil seller and its largest importer.
Oil prices strengthened on Wednesday ahead of US crude inventory data that could give investors a clue as to whether an OPEC-led output cut is making progress in reducing the persistent global…
The government has developed several renewable power projects as well as 12 initiatives to produce electricity from fuel cells as part of efforts to raise the trifling share of renewables in the…
Annual export of crude oil byproducts is expected to rise by 200,000 barrels a day to 600,000 barrels daily in the present Iranian fiscal year that ends in March 2018, says Mansour Riahi, chief…
The US Energy Information Administration has estimated that the oil export revenues of OPEC members last year declined by 15% compared to 2015 to $433 billion. According to the EIA, this was…
Senior Iranian and Indian officials met in Tehran on Tuesday to discuss and settle a recent dispute over oil and gas ties.
The meeting was held between Amirhossein Zamaninia, deputy oil…
China and India have surpassed the United States to become the two most attractive countries for renewable energy investment, a report by UK accountancy firm Ernst & Young showed on Tuesday.…
The Iranian Oil Pipeline and Telecommunications Company (IOPTC) is ready to transfer oil derivatives from the newly-launched Persian Gulf Star Refinery in Bandar Abbas in southern Hormozgan…
Kuwait joined Saudi Arabia and Russia in supporting an extension of oil-output cuts by OPEC and other global producers through the first quarter of 2018 to help trim global stockpiles.
Tehran will refocus on tenders prepared for oil and gas field development projects after the presidential election on May 19, said Ali Kardor, chief executive officer of the National Iranian Oil…
Packaging giant Tetra Pak now uses renewable electricity for over one third of its total yearly consumption, up from 22% in 2015. In an announcement on Monday, the business said that a crucial…
Oil prices extended gains on Tuesday after top producers Saudi Arabia, Russia and Kuwait supported prolonging supply cuts until the end of March 2018 in an effort to drain a global glut.
The global oil market is rebalancing and the pace at which supply and demand are falling into line is picking up, even if inventories still fail to reflect the impact of OPEC supply cuts, the…
Oil rose more than 2% on Monday to $52 a barrel after top exporter Saudi Arabia and Russia said supply cuts needed to last into 2018, a step towards keeping an OPEC-led deal to support prices in…
Russian President Vladimir Putin said on Monday that extending oil output cuts for a further nine months was the right thing to do to ensure stable oil prices.
China's giant state-owned oil and gas firm Sinopec is planning to splash big money into a continued expansion abroad to shore up access to energy resources as Beijing touts its main foreign policy…
Production from the South Yaran Oilfield in the southern Khuzestan Province is expected to start in July, according to the chief executive officer of the Petroleum Engineering and Development…
After the easing of international sanctions and gradual normalization of trade ties with foreign firms, most of the equipment and machinery for the oil sector, held overseas, was released and…
Saudi Arabia and Russia, the world's two top oil producers, agreed on Monday on the need to extend oil output cuts for a further nine months until March 2018 to rein in a global crude glut,…
The National Petrochemical Company is stepping up efforts to support domestic manufacturers of oil, gas and petrochemical equipment.
Drilling operations in Kish Gas Field in the Persian Gulf has made 85% progress, according to the official portal of the state-run National Iranian Oil Company.
According to officials at…
