Oil prices fell on Wednesday after hitting a near two-and-a-half year high in the previous session as analysts said the rally was gradually running out of steam despite supply outages in Libya…
Energy
As part of a drive to protect the environment and curb air pollution in the fossil fuel industry, petrochemical complexes and refining industries are being equipped with online pollution control…
A slowdown in big energy deals has pushed the value of mergers in Canada lower for the first time since 2013, offsetting a decade-high resurgence in domestic transactions.
General Electric’s flagship gas turbines ran into problems in Pakistan earlier this year, leading to delays and lengthy outages at three newly built power stations, according to several senior…
The National Iranian Tanker Company has signed over 200 leasing contracts for its vessels in two years since international economic curbs were lifted, the company's chief executive officer said…
China has this year become the world’s second-largest LNG importer after Japan, analysis of shipping data from Reuters Eikon revealed. Asia’s number-one economy imported around 38 million tons…
A blazing oil well in Iran's southern oil-rich Khuzestan Province was extinguished late on Tuesday after burning relentlessly for almost two months in what was described as the most formidable…
There is little reason to expect oil prices to extend gains through the first quarter of 2018, energy strategists have told CNBC.
The prospect of rising US shale production, subdued…
Oil traded above $65 a barrel on Tuesday, within sight of its highest since mid-2015, supported by an explosion on a crude pipeline in Libya and voluntary OPEC-led supply cuts.
The move…
China exported no oil products to North Korea in November, Chinese customs data showed, apparently going above and beyond sanctions imposed earlier this year by the United Nations to limit…
The production of alkylate gasoline, a type of very high-octane gasoline, restarted in Abadan refining complex as of December 24 after a six-year hiatus, the head of the refinery’s board of…
Operations to build new thermal power plants in southern provinces with a combined output capacity of 2,000 megawatts are underway as part of efforts to minimize outages, the Thermal Power…
Iran's state oil company NIOC is evaluating development proposals of foreign companies for Cheshmeh Khosh Oilfield in western Iran.
Saudi Arabia expects oil revenues to jump about 80% by 2023 to help the kingdom record its first budget surplus in a decade, according to people with knowledge of the matter.
MAPNA Group, an energy and engineering conglomerate, has opened talks with leading international companies to provide finance for its wide-ranging projects, its chief executive officer said.…
Shell's huge floating liquefied natural gas structure, named Prelude, will begin its job of extracting and processing gas at sea next year. The construction of the 488-meter-long facility began…
Iran sees an unprecedented opportunity for international companies to operate in its oil industry, despite uncertainty over potential new sanctions from the United States, a deputy at the…
In line with efforts to increase gasoline output, plans are underway to make the second phase of the Persian Gulf Star Refinery in the city of Bandar Abbas in Hormozgan Province ready for early…
Iraqi Oil Minister Jabar al-Luaibi said on Monday he was optimistic there would be a balance between supply and demand in the first quarter of 2018, leading to a boost in oil prices.
…
Over 156 billion cubic meters of natural gas were supplied through the national gas network in nine months, the National Iranian Gas Transmission Company said on Monday.
The state-owned…
Kuwait Petroleum Corp. signed a 15-year liquefied natural gas import deal with Royal Dutch Shell Plc to help the oil exporting nation meet growing domestic energy demand. The sales purchasing…
Iran's largest oil export terminal on Kharg Island in the Persian Gulf is becoming an increasingly profitable supplier of petrochemical products.
Close to 800 megawatts of new electricity generation capacity were added to the national grid over the last three months, an increase of nearly 1% in the country's 77,000-MW installed capacity,…
The price of Iran's light crude oil moved back above $63 a barrel in the week to Dec. 15, marking the biggest weekly gain among global crude benchmarks.
Iran's light grade oil advanced $…
A petrochemical company in western Iran has turned into a leading producer and exporter of polyethylene, the most produced plastic in the world.
Kurdistan Petrochemical Company has…
