Brent oil held above $60 a barrel on Monday, near its highest since mid-2015, on expectations OPEC-led production cuts would be extended beyond March, although rising Iraqi exports put a lid on…
Energy
The UAE will continue to reduce its oil output to meet its commitment to a global oil production cut agreement, its Energy Minister Suhail al-Mazroui said.
Streamlining the process of attracting foreign finance can help domestic petrochemical companies to diversify their products, the head of the Energy and Environment Commission of Tehran Chamber…
Preserving water resources and reforming the national wastewater system amid a chronic water crisis are front and center to plans of Reza Ardakanian, Iran's new energy minister who boasts…
The first hybrid solar and wind power system in the northern Mazandaran Province was officially launched on Monday, a small-scale but important venture that could help reshape the region's power…
Iranian Offshore Oil Company installed the jacket of platform F-18 for Forouzan Oilfield near Kharg Island, which is shared by Iran and Saudi Arabia in the Persian Gulf, chief executive officer…
The disparity between real electricity prices, which include the costs for generation and transmission, and what consumers pay for electrical power has compelled the government to pay 70…
Oil prices will edge up to $56 a barrel next year from this year’s $53 a barrel level on rising demand, continued production cuts from producers and stabilizing US shale output, the World Bank…
Crown Prince Mohammed bin Salman on Saturday reiterated Saudi Arabia’s readiness to support the extension of a global oil production cut agreement.
France will detail at the end of 2018 how many nuclear reactors will close to meet a target on reducing atomic energy, Environment Minister Nicolas Hulot told French daily Le Monde on Saturday.…
The world's biggest western energy companies are on track to post the highest annual profits since the oil market crashed three years ago and forced them to restructure for a prolonged era of…
Iran plans to increase the share of compressed natural gas in its fuel mix, as the low-carbon and clean-burning fuel has saved billions of dollars by curtailing gasoline imports in recent years…
Iran's Oil Minister Bijan Namdar Zanganeh on Sunday appointed a new chief for the National Petrochemical Company and nominated a woman as his first deputy in the latest restructuring of top…
Iraq has increased oil export capacity from its southern ports by 900,000 barrels per day to 4.6 million bpd after adding a new floating terminal in the Persian Gulf, Oil Minister Jabar al-…
Oil major Royal Dutch Shell Plc won half the blocks awarded in Brazil’s deepwater oil auction on Friday, while rival BP took two blocks and Exxon Mobil Corp one in a historic opening of the pre-…
Iran is finalizing a flurry of new deals in the water and power sectors while efforts are underway to restore a large and shrunken lake in northwest Iran, one of the country's biggest…
Bushehr Nuclear Power Plant in the south has generated 25 billion kilowatt-hours of electricity since it went on stream since its launch in 2011, which is equivalent to consuming 6 billion…
Iran has extracted 4.6 million barrels of crude from Azar Oilfield in the western Ilam Province since the field started production about seven months ago.
According to ISNA, the oilfield…
Banking problems to open a letter of credit to export Iranian oil to Russia have been resolved and the two states will embark on crude trade in the near future, the deputy oil minister for…
The fog has been cleared ahead of OPEC’s next policy meeting by Saudi Arabia and Russia declaring their support for extending a global deal to cut oil supplies for another nine months, OPEC’s…
Oil prices rallied on Friday, sending the global crude benchmark above $60 a barrel for the first time in more than two years and lifting the US benchmark for the commodity to its highest finish…
Oil prices steadied on Friday, with benchmark Brent crude trading just below $60 a barrel, buoyed by comments from Saudi Arabia’s crown prince backing the extension of OPEC-led output cuts.
French oil and gas major Total reported a 29% jump in third-quarter net profit as project ramp-ups and new investments lifted production, joining a list of energy companies benefiting from…
Iraq will begin pumping oil from Kirkuk once again, just a week after clashes between Iraqi and Kurdish forces forced production in certain parts of the No. 2 OPEC producer to shutter.
Indian private refiner Essar Oil's imports from Iran fell by about 26.4% in September from a year ago, as it boosted purchases from Iraq, according to tanker arrival data obtained from trade…
