Energy

State oil giant Saudi Aramco plans to launch its overhauled Muajjiz oil terminal on the Red Sea next year, lifting its total loading and export capacity to as much as 15 million barrels per day,…

Oil edged below $52 a barrel on Monday as rising crude output and drilling in the United States countered OPEC-led production cuts aimed at clearing a supply glut.

Global benchmark Brent…

Many carmakers, and not just Tesla, have been developing electric vehicles, betting on the expected continuous rise of battery-powered cars in the future. Now it’s not only carmakers that predict…

Libya’s crude production rebounded to more than 700,000 barrels a day as the OPEC member’s biggest oilfield and another deposit in its western region resumed pumping after a halt.

International and domestic private companies in the renewable energy industry will be eligible for tax holidays for 5-13 years as part of incentives to prop up investment in the nascent renewable…

Tehran will support a decision to extend an OPEC-led agreement to cut crude oil supplies and lift sagging prices if other members of the Organization of Petroleum Exporting Countries continue to…

Iran would start construction of a nuclear safety facility in cooperation with the European Union soon, the head of the Atomic Energy Organization of Iran said Saturday.…

More than 40% of Iran's petrochemical output is shipped to buyers in South East Asia and the Far East, National Petrochemical Company's coordination and supervision director said on Sunday, adding…

President Hassan Rouhani on Sunday officially launched Phase 1 of the Persian Gulf Star Refinery in the city of Bandar Abbas in southern Hormozgan Province which is hailed as the Middle East's…

Supply and demand in the oil market could fall into balance by the end of this year if OPEC and its partners extend their deal to reduce crude output, a Reuters' survey forecast on Friday.

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ExxonMobil and Chevron, the two largest US oil groups, have reported earnings for the first quarter that show sharp improvements thanks to the rebound in oil and gas prices but also lasting…

The petrochemical sector, one of the key industries after oil and gas, has huge potential for growth and development, but officials and experts are warning against unrealistic expectations and…

Plans call for raising electricity production capacity by 150 megawatts via small-scale power plants and minimize the risk of power outages during the hot summer season, Arash Kordi, managing…

US President Donald Trump on Friday signed an executive order aimed at expanding offshore oil and gas drilling in the Arctic and Atlantic Oceans — and maybe even in the Pacific Ocean.

The…

Europe is ready to expand economic and energy cooperation with Iran and provide the country with much-needed expertise to rein in harmful emissions, the European Commissioner for Climate Action…

Iran Power Generation, Distribution and Transmission Company (Tavanir) signed two memoranda of understanding on Saturday with South Korean electricity giant Electric Power Corporation (KEPCO) on…

Essar Oil, Iran's key Indian client, doubled oil imports from Iran in 2016/17 to about 239,000 barrels per day as it stepped up shipments after sanctions against Tehran were lifted, according to…

Iran expects to sign its first oil deal under the new Iran Petroleum Contract (IPC) model within a month, a senior oil official said on Thursday.

"We expect that very soon, hopefully within…

Saudi Arabia, the world’s biggest crude exporter, is losing market share to Iran and Iraq as a result of OPEC’s agreement to curb supplies to bolster prices, according to the head of research at…

Taking part in the much-anticipated IPO of Saudi Arabian Oil Company, known as Saudi Aramco, is not off the table for oil major Total SA because it could be a "good investment", the French group’s…

Oil prices rebounded on Friday after dropping to a one-month low the previous day, prompting investors to buy at cheaper levels ahead of a May OPEC meeting at which producers could extend output…

German car maker Volkswagen (VW) is reportedly pursuing plans to manufacture vehicles in Iran that will be optimized to run on compressed natural gas (CNG).

Power production from renewables has experienced a three-fold rise since President Hassan Rouhani took office in mid-2013, Energy Minister Hamid Chitchian said on Thursday on the sidelines of a…

Hungary's state-owned oil and gas group MOL is willing to help raise the rate of recovery from Iran's onshore and offshore oilfields with the help of the enhanced oil recovery (EOR) techniques.

Over 54 gigawatts (GW) of wind power were installed in 2016 and cumulative capacity grew by more than 12% to hit 486.8 GW, according to a new report from global trade association, the Global Wind…