Russia overtook Saudi Arabia in 2016 to become China's biggest crude oil supplier for the first year ever, customs data showed on Monday, boosted by robust demand from independent Chinese "teapot…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
OPEC’s two biggest suppliers to the US shrugged off a vow by President Donald Trump to end dependence on the group’s oil, saying the world’s biggest economy would continue to need crude from…
Oil prices fell 1% on Monday as signs of a strong recovery in US oil drilling activity outweighed news that OPEC and non-OPEC producers were on track to meet output reduction goals set in December…
Prices of energy carriers in the next Iranian fiscal year (March 2017-18) will not increase, said Mohammad Mehdi Mofateh, spokesperson for the Majlis Planning and Budget Commission.
Karoun Petrochemical Company (KRNPC) has ramped up production of methylene diphenyl diisocyanate (MDI), a key petrochemical product, following the launch of its second major production unit,…
The national gas company is interested in a joint venture with Russia to develop the 9th Iran Gas Trunkline (IGAT-9), managing director of National Iranian Gas Company (NIGC) said on Monday.
Russian oil major Rosneft plans to invest around 1.1 trillion roubles ($18.50 billion) in 2017 and 1.3 trillion roubles in 2018, Igor Sechin, the company's chief executive officer said. Sechin…
Russia and Kuwait have opened talks on the possible construction of a nuclear power plant (NPP) as well as cooperation in the spheres of petroleum services and gas, Russian Energy Minister…
Explorers in the world’s fastest-growing oil market are seeking lower taxes on crude produced domestically to encourage fresh drilling as India tries to reduce its dependence on energy imports.
Energy ministers from OPEC and non-OPEC countries meeting in Vienna on Sunday have struck a positive note regarding their agreement to cut oil output as a committee set to monitor compliance with…
Representatives of several integrated oil and gas companies from East Asia were briefed on the new model of Iran's oil contracts in Tehran last week, the Oil Ministry's news service Shana…
The delayed Dehloran gas refinery (NGL 3100) project has recently gained momentum as the much-needed funding has been made available, the Oil Industries, Engineering and Construction Company's (…
Iran is maintaining crude oil production within the framework of a global pact reached last year to cut supplies to ease the bloated oil inventories and lift sagging prices, a deputy at the…
The Kurdistan Regional Government in Iraq is close to resuming regular monthly payments to international oil companies as the rally in crude prices replenishes the region’s depleted treasury,…
China's December refinery production touched new highs as facilities replenished stocks ahead of a long holiday break, lifting crude oil throughput for the year as a whole by 2.8% to another…
US President Donald Trump’s pledge to make America independent from OPEC is not a new refrain in Washington.
His “America First Energy Plan” posted on the White House website Friday does…
Collaboration with international firms for oil exploration/production overseas is on the agenda of the National Iranian Oil Company, says the director for drilling operations.
“Plans are in…
Iran could resume selling crude oil to domestic and international buyers through the commodity market, the chief executive of Iran Energy Exchange (IRENEX) said.
"We are ready to start…
The share of Russian energy giant Gazprom in the European gas market over the past year increased by three percentage points to reach 34%, CEO Alexei Miller said Friday at a meeting with Russian…
Schlumberger Ltd. is waiting for the rest of the world’s oil producers to catch up to the North American crude recovery.
The world’s largest oilfield service provider sees international…
There could by a shortage of oil supply by 2020 if investment flows continue at their current rate, Saudi Arabia's Energy Minister Khalid al-Falih has warned.
Al-Falih told CNBC that prices…
China's plans to create a new crude futures contract to compete with global pricing benchmarks have been shelved due to market resistance, five sources with knowledge of the matter said, dealing a…
Oil executives and Middle East producers are concerned that trade tensions between the United States and China risk clouding the outlook for global energy demand growth and a recovery in the price…
Brazil plans to hold two subsalt oil auctions in 2017, putting new exploration areas up for bidding in November for what should be the most competitive round of the year, Oil Secretary Marcio…
The launch of the Persian Gulf Star Refinery (PGSR) in south Iran will significantly increase the number of cities that receive Euro-4 quality gasoline, a senior official said.
