Southeast Asian demand for oil will keep growing until at least 2040, as emerging nations there rely on the fossil fuel to transport their rapidly growing populations, ship goods and make…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
The world’s top oil exporter Saudi Arabia is determined to reduce inventories further through an OPEC-led deal to cut crude output and raised the prospect of prolonged restraint once the pact…
In line with efforts to curb the burning of polluting fuels like mazut as feedstock for electricity generation, the National Iranian Gas Company provided 86 power plants with 62 billion cubic…
The National Iranian Oil Company hopes to finalize deals for four joint oilfields by the end of the present fiscal year in March, according to NIOC official said.
Russian Energy Minister Alexander Novak said on Tuesday compliance with a global output cut deal in the past nine months had been 102%. He said compliance by OPEC countries had been 100% and…
Oil futures rebounded strongly on Tuesday following an overnight slide amid reports of fighting between militias aligned with the Iraq central government and Kurdish forces in the nation's…
The Industrial Development and Renovation Organization of Iran and China's Znshine PV-Tech Company signed a memorandum of understanding on Sunday to set up an automated production line of…
The global oil market is not controlled by the Organization of Petroleum Exporting Countries, a group of 14 nations that produce around 40% of the world's crude, OPEC's secretary-general said.…
In line with efforts to enhance the country's renewable power production capacity, preliminary talks are underway with Norway’s Norsk Vind Energi to construct a 200-megawatt wind farm in Iran,…
The National Iranian Oil Company is weighing up whether to hand over the development rights of a joint oilfield in western Iran to European firms or Thailand's state oil company.
Pushing its multibillion-dollar Iran venture on several fronts, French energy firm Total will continue its presence in the Iranian market as long as Tehran's nuclear deal is in full force,…
Oil prices held on to last week’s gains on Monday, supported by supply disruptions in Iraq and a drop in US drilling.
Global benchmark Brent crude was trading at $57.81 a barrel, up 6…
Saudi billionaire investor Prince Alwaleed Bin Talal on Monday floated the idea that the kingdom could publicly list a bigger portion of its state oil giant Saudi Aramco in the coming years.
Output from Yadavaran joint hydrocarbon deposit with Iraq located 70 kilometers west of the city of Ahvaz in Khuzestan Province near the Iraqi border has exceeded 100 million barrels since the…
South Korea’s President Moon Jae-in said on Sunday the government will continue to phase out nuclear-generated electricity, following a public opinion survey that dealt a blow to his plans to do…
Fossil companies will need to see market-shifting government policies to move more quickly toward a low-carbon economy, BP Group CEO Bob Dudley told the Oil & Money Conference in London last…
OPEC and its non-OPEC allies reiterated that all options to rebalance the oil market “are left open”, as the producers announced the highest level of compliance with their agreement to curtail…
Iran is pushing ahead with plans to develop its petroleum projects as the country's foreign partners and the global crude market have shrugged off US President Donald Trump's decision to…
Iranians consumed an average of 79 million liters per day of gasoline in roughly seven months, up 5.3% compared with the corresponding period of the last fiscal year (ended March 20, 2017).
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Oil exports from Iraq’s Kurdistan via the Turkish Mediterranean port of Ceyhan were still flowing at sharply reduced rates on Saturday and Sunday, two shipping sources told Reuters. Flows were…
Iran's crude oil price movements were limited in the week to Oct. 13 with the country's heavy and light crudes moving in the opposite direction in weekly trade. Iran Heavy, the country's main…
Saudi Oil Minister Khalid al-Falih made a high profile visit to Iraq on Saturday, calling for increased economic cooperation and praising coordination to boost crude oil prices.
Schlumberger reported on Friday a higher net profit for the third quarter driven by North America’s onshore activities, but the world’s largest oilfield services group now warns that investment…
Venezuela's state-run petroleum firm PDVSA has been barred from using a NuStar Energy oil storage terminal in the Caribbean over $26 million in unpaid bills, according to documents reviewed by…
In line with efforts to ensure energy supply during the cold winter days, National Iranian Gas Company is endeavoring to maximize natural gas output from South Pars Gas Field so that subscribers…
