Energy

Oil prices nudged higher in Asian trade on Monday, after initially falling on concerns about the outcome of a eurozone meeting on the Greek debt crisis later in the day and continuing worries…

As the summer heat adds load pressure on the national power grid, for the first time in the current Iranian year (began March 21), electricity consumption crossed a record-high of 47,000 megawatts…

Nigeria Liquefied Natural Gas Company Limited, a joint venture between the government and foreign oil majors, has generated some 85 billion dollars from exports since its inception 15 years ago,…

Egypt has earmarked $8 billion for fuel product subsidies in the draft 2015/2016 budget, Tarek El Molla, chairman of state-run Egyptian General Petroleum Corp, said in a statement on Saturday.…

Bulgaria wants to build a storage facility for the natural gas from the Turkish Stream natural gas pipeline project, said Alexander Novak, Russian energy minister,…

For Turkey's accession process to the European Union, it needs to develop an adequate framework to ensure a high level of nuclear safety, said the EU’s energy union chief Maros Sefcovic on…

Scotland said an end to subsidies for onshore wind farms will tack on extra costs, though the British government said it's the best deal for consumers.

Not content with the blow it’s dealt to US oil drillers, Saudi Arabia is set to escalate the battle for market share by raising production to maximum levels.

Iranian companies will commence power export to Turkey, Afghanistan, Pakistan, Iraq and the UAE in the near future, managing director of the National Iranian Gas Export Company said Sunday.

 The United States will be able to supply gas to Ukraine and other countries of Europe within two years, Senator John McCain said at a press conference in Kiev…

Lithuanian officials says their country is ready to start pumping gas to Ukraine from its new LNG terminal but that Russia was stubbornly blocking the move by exercising its control over…

Russia views Japan as a strategic partner in its bid to ramp up the production of liquefied natural gas on its Far Eastern Sakhalin Island. During his meeting with foreign news agency…

Liquefied natural gas can help strengthen Iran's position in global energy markets but the country lacks the necessary export infrastructure to achieve its targets. Moreover, LNG development…

Stage one of Canberra's light rail network will be powered by 100 percent renewable energy, according to Capital Metro Minister Simon Corbell.

Corbell said the multi-million-dollar…

Gazprom is building a global strategic alliance with energy major Royal Dutch Shell that will include asset swaps and allow the Russian gas giant to penetrate new markets, its chief executive told…

Iran is capable of exporting up to three million liters of gasoil to Afghanistan per day if it has the right strategy to prevail over potential competitors, Esmail Hasham Firouz , head of…

Saudi Arabia's April crude exports fell by 161,000 barrels per day as domestic refiners processed more crude, TradeArabia reported. Exports fell to 7.737 million bpd from 7.898m bpd in March when…

Proven and probable oil reserves in Angola are estimated at 12.667 billion barrels, following recent discoveries in shallow, deep and ultra deep waters, the country’s Oil minister said in Hamburg…

India is now the world’s third largest importer of crude oil after the United States and China.

The country’s oil imports have steadily climbed along with its growing economy, oilprice.com…

The debt that fueled the US shale boom now threatens to be its undoing.

Drillers are devoting more revenue than ever to interest payments. In one example, Continental Resources Inc., the…

Oil experts attending the 9th annual World National Oil Companies Congress in London, have expressed interest in cooperation with Iran’s oil sector after the economic sanctions are lifted.

Manufacturing silicon lighting rods will save $10 million in foreign exchange costs every year, said the chairman of the board of Simcatec Co., a producer of electrical equipment.

Russia and Greece on Friday signed a preliminary agreement to set up a joint venture to build a pipeline through Greece, Moscow said.

A number of cooperation documents were signed by Russia and Saudi Arabia on Thursday, after President Putin met with Saudi Prince Mohammed in what was one of the most anticipated meetings at the…

Energy projects are being carried out by Iranian state and private companies in Syria whose government has invited Iranians to help fund more energy ventures in the war-weary country, Syria's…