OPEC ministers gathering in Vienna for the group’s biannual meeting said the oil market is moving in the right direction, as a supply glut appears to be dissipating.
Energy
New solar, wind and hydropower sources were added in 2015 at the fastest rate the world has yet seen, according to a study.
Investments in renewables during the year were more than double…
Iran has deferred at least one of its fuel oil loadings for June to Asia, according to a trade source with direct knowledge of the matter. "One of our June fuel oil cargoes had to be deferred for…
A Norwegian oil and gas company is closing in on a $600 million contract with an Iranian petrochemical group for one of the first major gas deals since international sanctions were…
Iran is expected to receive bids from international companies to develop its oilfields on the Sirri Island in the Persian Gulf in what would be the country's first oil tender after the lifting of…
The twofold surge in Iran's oil export has had no negative impact on market prices, Oil Minister Bijan Namdar Zanganeh said.
Zanganeh noted that Iran's oil export has witnessed a twofold…
The German founder and president of Energy Watch Group, an international network of scientists and parliamentarians, said renewable energies will create a bright future for Iran.
Hans-Josef…
Oil Minister Bijan Namdar Zanganeh is scheduled to set off for Vienna, Austria, on Wednesday to attend the upcoming meeting of the Organization of Petroleum Exporting Countries.
Oil is set for the longest run of monthly gains in five years, as output disruptions from Nigeria to Canada reduce supply before OPEC's meeting on Thursday in Vienna to discuss production policy…
Asian imports of Iranian oil in April rose by more than 13% from a year ago, as Tehran vies to recoup market share lost under international sanctions, with shipments into India and South Korea…
A common market for oil and gas will be on the agenda of Russian President Vladimir Putin during talks scheduled before a regional summit in Kazakhstan, the Kremlin said. According to Kremlin's…
Iran will soon sign a $3 billion investment deal with Turkish private companies on building a 5,000-megawatt power plant in Iran, an Iranian deputy energy minister said.
Most international…
President Hassan Rouhani inaugurated Mahabad Petrochemical Complex on Tuesday in Mahabad in the West Azarbaijan Province.
Atomic Energy Organization of Iran and the Research Institute of Petroleum Industry finalized an agreement on Monday for producing an ultracentrifuge that will be used in upstream petroleum…
Following the signing of a memorandum of understanding between Iran and Poland, the European country’s energy company RAFAKO has agreed to finance four energy projects in Iran, the head of the…
The Reserve Bank of India has capped weekly dollar purchases by oil refiners to pay off their debts to Iran in order to avoid pressure on the rupee, three sources told Reuters on Monday.
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The UAE's economy minister joined forecasters looking for $60 crude this year with demand and production moving more in line.
"It’s possible for oil prices to reach $60 or more during this…
Iraq will supply 5 million barrels of extra crude to its partners in June, industry sources familiar with the issue said, joining other Middle East producers by lifting market share ahead of an…
Kuwait plans to invest $115 billion in oil projects over the next five years, a senior executive said. “We have earmarked 34.5 billion dinars for spending on oil projects over the next five years…
n Iran-Russia workgroup dealing with parts, equipment, repair and maintenance of gas transmission and distribution pipeline network held a meeting on Monday in Tehran for discussing 11 gas-related…
Ukraine is eager to cooperate with Iran's private sector to help store gas.
After holding talks with Ukraine's Foreign Minister Pavlo Klimkin, Amirhossein Zamaninia, Iran's deputy oil…
Iran will export 80,000 tons of liquefied petroleum gas to Indonesia in two shipments under a new contract that could increase to 500,000 tons next year.
The agreement was reached in a…
Denmark’s Haldor Topsoe, a world leader in catalysis and surface science, has resumed petrochemical collaboration with Iran, project manager of Lavan Industry Development Company said on Monday.…
The periodic escalation of violence in and around the separatist Azerbaijani territory of Karabakh routinely raises concerns about the conflict’s threat to regional energy security and pipeline…
Militants blew up strategic gas and crude pipelines belonging to Shell and Agip on Saturday in an increasingly fierce campaign that reduced Nigeria's oil production in half, militants…
