Russia remained the top crude oil supplier to China in January, data showed, beginning 2018 on a strong note after the inauguration of an expanded trans-Siberia pipeline and as Beijing released…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
OPEC and its allies, including Russia, may next year ease the crude-output curbs that have helped prices recover from the worst crash in a generation, Saudi Arabia’s oil minister said.
A serious hurdle impeding renewable projects is non-allocation of the tax levied on electricity subscribers to wind and photovoltaic initiatives.
Gachsaran Oil and Gas Production Company, a subsidiary of the National Iranian South Oil Company, is currently producing 620,000 barrels of crude oil per day, the company's managing director…
Collective oil output from the West Karun block, which is shared with Iraq, is slated to reach 1.2 million barrels per day, the chief executive officer of Iran’s Petroleum Engineering and…
A quartet aims to complete the 1,840-km (1,143-mile) pipeline and begin pumping natural gas from Turkmenistan’s giant Galkynysh gas fields by early 2020.
China will exceed US nuclear power production soon due to recent initiatives taken by Beijing to accelerate the adoption of alternative fuel source, according to an International Energy Agency…
Oil slipped to $66 a barrel on Friday, under pressure from concerns that rising US oil output and exports will offset OPEC-led attempts to erode stockpiles with output curbs.
The OPEC deal is closer than ever to meeting its market rebalancing goals, with OECD inventories now just 74 million barrels above the five-year average recorded in January 2017,…
The emergence of self-driving electric cars and travel sharing are set to dent oil consumption by 2040, oil and gas giant BP said, forecasting a peak in demand for the first time.
Oil prices fell on Wednesday, weighed down by a rebound in the US dollar from three-year lows hit last week and by an expected rise in US crude production.
Brent crude futures were last…
National Iranian South Oil Company can implement complicated technological projects in cooperation with domestic academic centers namely the Academic Center for Education, Culture and Research,…
Boosting the country's petrochemical revenues entails expansion of target markets, the deputy director of Iranian Oil, Gas and Petrochemical Products Exporters Union said.
Major overhaul operations in phases 17 and 18 of the giant South Pars Gas Field in the Persian Gulf has increased the output of liquefied petroleum gas, including propane and butane, as…
Some 150 natural gas pressure regulating stations have been equipped with special devices that can stop gas flow in case of emergency situations like earthquakes. Hamidreza Araqi, the managing…
Oil markets were split on Tuesday, with US crude still carrying momentum from Friday’s gains due to a holiday on Monday while international Brent prices eased.
US West Texas Intermediate…
Oil market participants and analysts have been closely watching the record level of supply coming out of the United States that is threatening to undo OPEC’s production cuts.
Solar power is becoming an increasingly important part of the planet's energy mix. In 2016, solar photovoltaic grew faster than any other fuel, with China responsible for nearly half of…
OPEC and non-OPEC oil producers, including Russia, will discuss extending their cooperation for many more years when they meet in June as they seek to avoid major market shocks, the UAE energy…
Supplying natural gas to power plants, instead of liquefied fuels such as diesel and mazut, has not only curbed air pollution but also increased foreign currency revenues.
Iran's Petroleum Engineering and Development Company has signed a contract with unnamed international companies to lease transportable refining equipment to increase crude output in West Karoun…
Data released by the National Iranian Oil Products Distribution Company shows gasoline consumption in the Iranian month to Feb. 19 averaged 80.2 million liters per day.
Gasoline used in…
In April through January, the first 10 months of this fiscal year, India imported about 17% less Iranian oil at about 442,800 bpd.
The US administration on Friday said it would offer the largest oil and gas offshore auction in the country's history on March 21 for areas in federal waters off the Gulf Coast of Mexico, less…
The UAE will remain committed to the global oil output reduction deal to eliminate the remaining glut on the market, which amounts to 100 million barrels to reach the average target of the…
