American drivers are unlikely to see prices at the pump fall, if crude is released from the Strategic Petroleum Reserve because US oil production already is sky high, analysts said. The…
Energy
The efficiency of Ferdowsi Power Plant in Mashhad, Khorasan Razavi Province, will rise by 17% when the plan to convert the plant’s system to combined-cycle is implemented, the project’s manager…
Studies on securing and plugging abandoned gas wells in North Pars Gas Field in the Persian Gulf have been completed by Pars Oil and Gas Company.
According to Oil Ministry's Shana, the…
The agreement to develop South Pars Gas Field's Phase 11 in the Persian Gulf with France’s Total and China National Petroleum Corporation has not undergone any changes yet.
Mohammad…
Prices of gasoline and oil derivatives will experience no change until the end of the current fiscal year that started on March 21.
Hossein Amiri-Khamkani, a member of Majlis Energy…
Experts of the National Iranian Oil Company have restored a dilapidated gas-powered turbine in Ahvaz pumping station, Khuzestan Province, which has boosted the transfer of crude oil to…
Some domestic combined heat and power (CHP) plants owe millions of dollars to the state-owned National Iranian Gas Company for the natural gas they received in the past few years for use as…
Canadian oil producers are once again suffering from a steep discount for their oil, causing the largest spread between Canadian oil and WTI in years. Western Canada Select recently fell below $…
Ahmed Al Jaber, UAE minister of state and Group CEO of Abu Dhabi National Oil Company, has met with Japan's Minister of Economy, Trade and Industry Hiroshige Seko, as part of a series of…
Crude oil prices rose more than 1% on Friday as US sanctions against Iran looked set to tighten supply, but futures contracts posted a weekly decline since investors worried that global trade…
The Philippines is trying to curb its inflation running at five-year highs by ordering companies to make available for sale cheaper but dirtier fuel, backtracking on a ban on such fuels…
When Exelon's Oyster Creek nuclear unit disconnects from the grid at the end of September and permanently shuts, it will mark the start of a busy period of US nuclear power plant closures driven…
Close to 95% of gasoline distributed in Khorasan Razavi Province meets the Euro 4 standards, the National Iranian Oil Products Distribution Company's provincial chief said. "Premium gasoline,…
Despite the fact that China’s recent policy changes weigh on short-term forecasts, global solar capacity is expected to reach the 1 terawatt threshold by 2023, the latest quarterly report by GTM…
Iran's Oil Minister Bijan Namdar Zanganeh said OPEC may need to hold an extraordinary meeting, if the organization of oil producers fails to prevent member countries from adjusting their crude…
Saudi Arabia’s energy minister said the diplomatic rift with Canada will not disrupt the kingdom’s oil sales to Canadian customers, an announcement that demonstrates there are limits to the…
Iraq’s crude oil production rose to its highest level in 13 months in July to 4.46 million bpd, Platts quoted the Iraqi State Oil Marketing Organization as saying on Thursday. Since the fourth…
Russia is committed to its domestic oil producers and it is a mistake to think that Moscow's current policy toward the oil market is a betrayal of Tehran's trust.
Reza Modir, the Oil…
State-owned National Iranian Oil Company has cut the official selling price differential for all its crude oil grades loading in September from Kharg Island and bound for Asia, a company source…
Chile has little in the way of fossil fuels, leading it to rely on imports and making electricity extremely expensive.
According to Bloomberg, in 24 of the last 30 years, the country’s…
US confirms Iran sanctions waiver for Azerbaijan's gas pipeline to Turkey and Europe. The Southern Gas Corridor has received a waiver from US sanctions against Iran's energy customers, an…
The US government aims to slash Iran's oil exports when sanctions resume in November. The latest US stance came as the remaining parties to the international nuclear deal with Iran reiterated…
China’s crude oil imports recovered slightly in July after falling in the previous two months, but were still among the lowest this year due to a drop-off in demand from the country’s smaller…
Marun Oil and Gas Production Company said it has fully implemented its crude oil production plan in the first quarter of the current Iranian year (started March 21).
The second steam unit of Parand Combined-Cycle Power Plant in southern Tehran was linked with the national power grid on Tuesday, the managing director of MAPNA Group said.
