The world's largest oil exporter could be poised to back out of a widely anticipated extension to global supply cuts, Chris Weafer, senior partner at Macro-Advisory, said on Friday.
Energy
Iranian Oil Minister Bijan Namdar Zanganeh says Total S.A.'s contract with Tehran to develop Phase 11 of the South Pars Gas Field is "legally binding" and the French energy major cannot walk…
In his first overseas trip as Iran's energy minister, Reza Ardakanian discussed regional water challenges and explored economic and agricultural opportunities in separate meetings in Turkey and…
Indian private refiner Essar Oil’s imports from Iran fell by about 27% in October from a year ago to about 183,000 barrels per day as the company diversifies its crude purchases, according to…
Offshore oil drilling and services companies, hurt by the energy industry’s shift to lower-cost shale and away from deepwater projects, are dominating the year’s energy bankruptcies in North…
Singapore-based Berlanga Group has signed a memorandum of understanding and a non-disclosure agreement with the National Iranian Oil Company on Wednesday to study Iran’s Dalpari Oilfield in the…
Oil prices rose on Friday but remained en route for their first week of losses in six, as concerns grew over Russia’s support for an extension of the crude output cuts that have bolstered prices…
The United States is expected to account for more than 80% of global oil production growth in the next 10 years and it will produce 30% more gas than Russia by that time, the International…
The world will still have a surplus of oil by the end of March 2018, Saudi Arabia’s energy minister said on Thursday, signaling a willingness to extend output cuts when OPEC meets at the end of…
Global green bond deals are expected to top the $100 billion mark on Thursday and hit a new record, putting them on track to reach $130 billion by the end of the year, data from the Climate…
Kavian Petrochemical Complex, one of Iran's largest ethylene producers, has embarked on technical feasibility studies to increase its ethylene output by 10-15%.
The drive comes on the…
Global nuclear capacity will rise from 413 GW at the end of 2016 to 516 GW in 2040 under the most likely scenario, according to the International Energy Agency's World Energy Outlook 2017 report…
Phase 13 of the South Pars Gas Field in the Persian Gulf is scheduled for launch next year, an important piece of Iran's production plan from the world's largest gas field that is shared with…
Operations to swap the fifth batch of crude oil consignment from the Caspian Sea littoral states to the port of Neka in northern Iran with deliveries in the Persian Gulf were carried out…
South Korea’s imports of Iranian crude oil fell 9.5% in October from the previous month, as the Middle Eastern country cut crude and condensate exports to Asia due to production setbacks.
Germany added 2.3 gigawatts of new onshore wind capacity in the first half of 2017. Though it failed to meet the target last year, the Renewable Energy Act set an annual target of installing 2.5…
A group of Danish water companies signed three memoranda of understanding with Iranian firms operating in water and wastewater engineering projects.
According to the Energy Ministry's…
Oil demand from China's transportation sector will peak in 2030 and flatten thereafter, mainly due to falling gasoline demand for passenger vehicles that become more efficient and increasingly…
Natural gas production from the giant South Pars Gas Field is scheduled to return to normal by the end of the present fiscal year in March, following a string of overhauls at the field's…
French oil and gas major Total would have to review its Iran gas project if the United States decides to impose unilateral sanctions on Tehran, given the company’s assets in the US market, its…
Global oil demand will fall only modestly alongside the expected rise in electric vehicles over the next two decades, with consumption in petrochemicals and other transportation still growing,…
For a generation, the huge, whitewashed storage tanks at America’s largest oil refinery in Port Arthur, Texas, have stored almost nothing but Saudi crude. All of a sudden, there are very few…
Oil was largely steady on Monday, trapped between a bullish push from tension in the Middle East and downward pressure from evidence of rising US production, although record fund bets on a rally…
The oil market is rebalancing at a quickening pace and production cuts are the “only viable option” to restore stability, OPEC Secretary-General Mohammad Barkindo said.
“We are seeing…
Iran's Bouali Petrochemical Complex is taking measures to cut down costs on logistics operations as part of the company's belt-tightening program, after it was hit by a massive blaze last year…
