Oil prices fell on Wednesday after industry data showed US stockpiles of crude unexpectedly rose, and as economic growth slowed, especially in Asia, amid the escalating trade dispute between the…
Energy
Scotland’s oil industry is beginning to show signs of recovery after the most recent downturn, a local port authority said, with a spokeswoman noting that the country has more rigs in for repair…
BP announced on Tuesday the first dividend increase since the oil prices started crashing in 2014, as it quadrupled second-quarter earnings from a year ago.
Kuwait’s oil minister said on Wednesday that the global oil market was approaching production stability after the recent OPEC and non-OPEC agreement to boost output.
“It is clear today…
India’s Ministry of Petroleum has announced that crude imports from Iran witnessed a massive jump this June in comparison to last year, disproving reports published by global research agencies…
Norwegian oil and gas operator DNO ASA said on Monday it had put a fourth well into production at the Peshkabir Oilfield in Iraq’s northern region of Kurdistan, exceeding its 30,000-bpd target…
OPEC oil output has risen this month to a 2018 high, as Persian Gulf members pumped more after a deal to ease supply curbs and Congo Republic joined the group.
Musab Sari al-Mudaris, the spokesman for Iraq's Ministry of Electricity, has denied reports that he had told Bloomberg about an agreement to buy electricity from Saudi Arabia. He said the…
Employing 73 offshore and onshore rigs, the state-owned National Iranian Drilling Company has drilled over 69,377 meters of oil and gas wells nationwide between March 21 and July 23, NIDC's…
Following the US, Russia and Canada, Iran has one of the largest gas supply networks, the managing director of Iranian Gas Transmission Company said on Monday.
“The country has laid over…
The prospect of meeting a sizable share of electricity demand through renewables requires a stronger support by banking system, a senior energy official said.
"However, such a promise by…
Iran said on Tuesday US President Donald Trump was mistaken to expect Saudi Arabia and other oil producers to compensate for supply losses caused by US sanctions on Iran, after OPEC production…
Kenya is cutting the retail price of electricity by 7% and removing fixed charges to cushion its 3.6 million low-income customers, the energy regulator said on Monday.
Getting rid of…
Japanese oil company, Inpex Corp, said on Monday it has begun producing gas at its giant Ichthys field off northern Australia, putting it a big step closer toward shipping its first liquefied…
Oil Minister Bijan Namdar Zanganeh is imposing four-year term limits on all top oil managers at state-run energy companies, with the rule taking effect in October. The new order applies to…
Iran's top engineering and energy enterprise MAPNA Group is ready to embark on the development of Mansouri Oilfield, a reservoir of 3.3 billion barrels of crude south of Iran, in case Indonesia'…
Developing electricity infrastructure and boosting power export can help minimize the country's dependence on oil sales that are vulnerable to political issues.
The statement was made on…
District 7 of Iran’s gas transmission operations, which encompasses eight central and western provinces, has provided natural gas for 94% of the region's cities, the director of the plan said.…
Oil prices rose on Monday with US benchmark WTI moving higher after four weeks of declines, but gains were limited as the fallout from trade tensions weighed on markets.
Brent crude…
Saudi Arabia has agreed to build a solar power plant and sell the electricity to Iraq at a steep discount compared to supplies the war-torn country previously bought from the kingdom’s regional…
Reliance Industries Limited, which operates the world's largest single-location refinery processing about 1.4 million barrels per day, said on Friday it will stop Iranian crude imports from…
Global discoveries of conventional oil and natural gas are seeing an exciting recovery, with discovered resources already surpassing 4.5 billion barrels of oil in H1…
Mexico’s president-elect has announced a $16 billion investment plan to boost flagging oil production, refinery capacity and electrical generation.
Iraqi Prime Minister Haider al-Abadi on Sunday sacked his minister of electricity, his office said, following weeks of protests against corruption and chronic power outages. Reuters quoted a…
Iran may revive a gasoline rationing system with two rates, which was eliminated by the current government in May 2015 to cut consumption, the spokesman of Majlis Energy Commission said. …
