Bunker fuel may now be leaking from the Iranian oil tanker that sank in the East China Sea last Sunday, China's State Oceanic Administration said, underlining fears for contamination from the…
Energy
Iran's crude production inched up in December as the country maintained output close to levels it has agreed to under a global supply cut deal, OPEC's data showed on Thursday.
Crude oil…
Generating electricity from renewable energy sources is not only better for the environment compared to fossil fuels, but it will also be consistently cheaper in just a few years, a new report…
As per the Sixth Five-Year Economic Development Plan (2017-22), Iran Power Generation, Distribution and Transmission Company (aka Tavanir) has been obliged to boost the country's electricity…
Oil prices gave up some early gains on Wednesday as analysts warned of a downward correction, but remained well supported on the back of tightening supply and strong global demand.
China’s insatiable appetite for solar power led to a surprise increase in global clean-energy investment last year even as US President Donald Trump pushed to undermine pollution rules and curbs…
Kuwait’s Oil Minister Bakhit al-Rashidi said on Wednesday there is no plan or intention so far to exit from a production-cutting agreement among OPEC and non-OPEC oil producers. “The production-…
Iran's energy industry has been on an upward path since the lifting of sanctions, but financial constraints could keep in check some of the country's biggest oil and gas development projects,…
BP Plc expects to book a post-tax non-operating charge of about $1.7 billion in its fourth-quarter results, reflecting the remaining losses and claims from the 2010 Deepwater Horizon disaster.…
Swept by an excess of dam constructions in the past decades, Iran should maintain a policy of building no new embankments until its current dam projects are completed, said the chief executive…
Brent crude oil shed some of its recent gains by falling just over $1 a barrel on Tuesday but healthy demand underpinned prices near $70, a level not seen since the 2014 market slump.
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Royal Dutch Shell agreed on Monday to acquire a stake in a US solar company, 12 years after exiting the sector, in the latest series of deals to grow beyond its core oil and gas business.
Asian importers of Iranian oil reacted coolly on Monday to the possible reimposition of US sanctions against Tehran later this year after US President Donald Trump on Friday maintained the 120-…
Goldman Sachs said on Tuesday that crude oil prices are likely to exceed its forecasts for the coming months due to rising demand and strong compliance to production cuts.
Iran is scheduled to send a new condensate cargo to South Korea this week, signaling a return of oil exports to the East Asian country following the tragic sinking of its previous South Korea-…
South Korea’s imports of Iranian crude oil dropped 30.6% in December from the year before, while inbound shipments from the Middle Eastern nation over the whole of 2017 jumped by 29.1%, customs…
In line with plans to boost Ilam Petrochemical Complex's output in the western Ilam Province, the construction of two olefin production plants and a sulfur recycling unit (SRU) in the complex is…
Venezuela’s oil production has increased to near 1.9 million barrels per day after hitting a historic low last year, according to Manuel Quevedo, oil minister and head of state oil firm PDVSA,…
Oil prices held closely below December 2014 highs on Monday, supported by production cuts by OPEC and Russia, although the market was capped by a rise in US and Canadian drilling activity that…
Iranian-owned tanker Sanchi on Saturday fell apart and sank in the sea off the coast of China after burning for eight straight days following a maritime collision.
Iran’s petrochemical output reached nearly 40 million tons in nine months, the National Petrochemical Company said in a report.
According to NIPNA, the country’s 57 petrochemical…
Some 100 meters from the infamous Reactor Four at the Chernobyl nuclear plant, a new solar project has been built, providing hope of salvaging something positive from the disaster zone. The 3,…
Iraqi Oil Minister Jabar al-Luaibi said on Saturday the OPEC member’s oil output capacity is nearing 5 million barrels per day, but the country will remain in full compliance with its output…
Iran's landmark gas deal with French energy firm Total is moving ahead, Oil Minister Bijan Namdar Zanganeh said in a statement, lending confidence to the country's biggest energy contract since…
Qatar Energy Minister Mohammed al-Sada said it is premature to discuss an exit strategy from a global oil supply-cutting pact and supports the continuation of the agreement, a Qatar News Agency…
