Restrictions on Iranian tankers’ insurance have been removed and the country’s crude carriers are now allowed to enter any oil terminal in the world, managing director of National Iranian Tanker…
Energy
Plans have been made to put the construction of a huge natural gas refining plant on Kish Island out to international tender.
OPEC kept forecasts for global oil supply and demand unchanged in its last monthly assessment before members meet to review the market.
The 13 nations of the Organization of Petroleum…
Global oil markets are heading toward a long-awaited equilibrium, according to updated supply and demand data from the International Energy Agency.
The IEA said in its latest oil market…
South Africa has partnered with Iran to develop desalination plants along all coastal communities to boost water supplies, the South African water minister said on Wednesday, as the worst drought…
Former secretary-general of OPEC, Rene G. Ortiz, said the upcoming meeting between the members of the organization and non-OPEC states in June need not result in a decision to freeze oil…
With the Egypt’s permission to Iran for using the SUMED oil pipeline, the first Iranian oil tanker will berth at a European oil terminal in the month starting June 21, an Iranian official at…
Persian Gulf Petrochemical Industries Company will reopen its sales offices in Europe in the near future, PGPIC's executive director said.
Adel Nejad-Salim did not name the countries in…
Premier Oil Plc, an explorer operating on four continents, said it would meet or exceed its production forecast for the year.
A deputy oil minister said on Wednesday 8 million tons can be added to Iran’s total petrochemical output by March 2017 once the projects underway become operational and this will not require new…
A memorandum of understanding has been signed with a Japanese firm to minimize mazut production in Tehran Oil Refinery, director of coordination and supervision for the National Iranian Oil…
Oil rose on Tuesday, driven by supply disruptions in Canada and elsewhere, which have knocked out 2.5 million barrels of daily production and temporarily eclipsed concern over high global…
A senior oil official announced on Tuesday that the process of vetting foreign companies for Iran’s oil and gas projects under the new Iran Petroleum Contract will start in late May.
A 30-strong delegation of Russia's Gazprom is due in Tehran in the near future to explore grounds for cooperation in mega gas projects, liquefied natural gas initiatives and mini LNG…
Iraq plans to boost crude oil exports from its southern region to 3.47 million barrels per day in June, potentially beating a record volume set in November, a preliminary loading program showed.…
Iran will be able to use the SUMED oil pipeline in Egypt to access the Mediterranean Sea and boost crude exports to Europe from there, Iran's deputy oil minister for international affairs said.
Internal differences are killing OPEC and its ability to influence the markets has all but evaporated, the head of Russia’s biggest oil firm Rosneft, told Reuters in some of his harshest remarks…
In a surprise move, Saudi Arabia sacked its long-time oil minister over the weekend, an event that indicates the near-total control the deputy crown prince has obtained over the country’s energy…
Oil prices dived on Monday as caution among investors offset a decline in daily production capacity due to Canada’s most destructive wildfire in recent memory.
The lost capacity—about a…
Total SA agreed to buy French battery maker Saft Groupe SA in a €950 million ($1.1 billion) deal, ratcheting up investments in clean energy by one of the world’s largest oil companies.
Saft…
The Iranian government will introduce two prices for gasoline, following a parliamentary legislation to revert to a dual pricing scheme for the fuel.
However, a senior oil official said the…
Iran's Research Institute of Petroleum Industry and Aker Solutions, a Norwegian oil and gas services company, signed a memorandum of understanding on the transfer of state-of-the-art technology to…
The International Court of Arbitration will determine the exact amount of compensation Iran has to pay to Turkey over the lingering gas dispute, as the two sides failed to agree on the amount of…
Iran Mercantile Exchange will establish a bitumen bourse in the near future, Hamed Soltaninejad, the chief executive of IME, said on Monday.
"We are planning to start futures trading…
Saudi Arabia oil officials have started a new price war to impede Iran's progress in achieving its pre-sanctions oil output.
