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,…
Energy
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.
Iran slightly boosted its crude production last month ahead of a supply-cut deal that came into force on Jan. 1, OPEC said in its monthly report this week.
A 230/63-kilovolt power substation went on stream in the southeastern province of Sistan-Baluchistan last week in the framework of plans to boost electricity exports to Pakistan,
According…
The oil output cut deal last year between the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC countries will stabilize the oil industry and the global economy, providing short-,…
Oil-price gains will trigger a “significant” increase in US shale output as OPEC and other producers rein in supply, according to the head of the International Energy Agency.
“US shale-oil…
OPEC oil production fell in December but remains well above levels envisaged under a recent deal that took effect in January, the organization's monthly report showed on Wednesday.
Total…
Saudi Arabia has promised it will reduce the overall tax rate paid by its national oil company to make its 2018 initial public offering—potentially one of the largest in history—more appealing to…
Sri Lanka wants to draw on Iranian expertise in offshore drilling following their recent oil exploration and discoveries in the Indian Ocean, said Mansour Bazmi, deputy for the downstream sector…
An increasing number of oil tankers and vessels owned by the National Iranian Tanker Company are headed to European ports, the company's managing director Sirous Kianersi said on Wednesday.
The European Union has eased sanctions against several Iranian entities, mostly in the energy sector, and one individual, EU said in a statement on Tuesday, a year after the nuclear deal between…
National Iranian Oil Company and China Petroleum and Chemical Corporation (Sinopec) will finalize a contract to expand the Abadan Oil Refinery in southern Khuzestan Province in two phases,…
The National Petrochemical Company is looking into ways to capture and convert harmful carbon monoxide (CO) emissions into urea and ammonia, said the managing director of NPC, Marzieh Shahdaei.…
Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from next month after striking a deal to provide cover without involving US-domiciled reinsurers…
Iran's oil and gas condensates tanker traffic in the Persian Gulf terminals has risen by 50% compared to last year, managing director of Iran Oil Terminals Company (IOTC) said on Tuesday.
"…
