Saudi Arabia is considering a plan to phase out subsidies for gasoline and jet fuel in November at the latest, as the world’s biggest oil exporter pushes a program to curtail spending after a…
Energy
Iran's state-owned petrochemical company is planning to finalize preliminary agreements on licensing and construction projects in the next few months in what could see the world's top energy…
Russian oil major Rosneft will invest in gas pipelines in Iraq’s Kurdistan, expanding its commitment to the region ahead of its independence vote to help it become a major exporter of gas to…
In line with efforts to boost electricity exports to neighboring states, Iran's electricity network is expected to be synchronized with Iraq's power network under a pilot plan in November.
…
Dubai’s state energy utility awarded a $3.9 billion contract to build and run a 700-megawatt solar power plant to a consortium comprising Shanghai Electric and Saudi Arabia’s ACWA Power, the…
Iranian petrochemical production in the first five months of the current fiscal year (March 21-Aug. 22) reached 22.6 million tons, the National Petrochemical Company said in a report, which…
A dearth of new investment in oil production is stoking a risk of tighter crude supply and unstable prices, even as demand growth is expected to slow over the next five years, a senior…
Environmental activists were due to start a week of protests on Sunday against a major coal mining project they say will damage Australia’s Great Barrier Reef and contribute to global warming.…
Prime Minister Narendra Modi inaugurated India's biggest dam on Sunday, ignoring warnings from environmental groups that hundreds of thousands of people will lose their livelihoods.
Iran's crude oil prices staged a strong recovery in the week to September 8 from a dip in the previous week, settling well above their average so far this year.
Iran's light crude gained…
Qualified domestic companies can play a major role in developing Phase 11 of South Pars Gas Field in the Persian Gulf, which will be developed by France’s Total and its partners, chairman of the…
Brent oil prices held near five-month highs on Friday and were on track for the biggest weekly gain since late July, on forecasts for rising demand and the gradual restart of US oil refineries…
Venezuela published the price of its oil and fuel in Chinese currency on Friday in what it called an effort to free the socialist-run country from the “tyranny of the dollar”, echoing a plan…
Elvira Nabiullina, the head of Russia’s central bank, said on Friday she believed that oil prices could fall as low as $40 per barrel next year from their current levels of above $50. “We still…
Iran has increasingly expanded its footprint in the European oil market since last year's lifting of sanctions, with ports and terminals in Europe taking in nearly 35% of Iranian crude exports…
Saudi Arabia is likely to begin the process to find a vendor to build the country’s first nuclear reactors as early as next month, said a report, citing nuclear industry sources.
The…
The southern Khuzestan Province needs millions of dollars to protect its infrastructure from heavy dust storms that wreak havoc in many parts of the oil-rich province every year, a local energy…
Development operations to connect offshore platforms of Phase 14 of the South Pars Gas Field in the Persian Gulf to onshore facilities in the port city of Asalouyeh have gained momentum, the…
Iran has extracted 4 million barrels of crude from Azar Oilfield in the western Ilam Province since the field started production six months ago, managing director of the Oil Industries…
Tehran and Caracas are ready to adopt measures to help stabilize the global oil market and improve prices.
Iran's Oil Minister Bijan Namdar Zanganeh made the statement in a meeting in…
More than 22,000 barrels of oil, refined fuels and chemicals spilled at sites across Texas in the wake of Hurricane Harvey, along with hundreds of thousands of cubic meters of natural gas and…
Oil prices fell on Friday as global markets weakened following North Korea’s latest missile launch, but crude remained close to five-month highs reached this week on bullish demand forecasts and…
India imported 335,400 barrels per day of oil from Iran in August, the lowest level since February 2016, posting a fall of about 42% from a year ago, according to ship tracking data obtained…
Oman is likely to play a major role as a potential transit hub in plans for a deepwater pipeline supplying natural gas from Iran to India, a report said. India’s top trade lobby, the Associated…
Iran hopes that operational works on a $5-billion gas deal with France’s Total will begin early next year, as the country takes steps to subcontract part of the works for developing Phase 11 of…
