Oil prices steadied on Tuesday after news of lower crude supplies from Saudi Arabia offset higher output from other large producers, including the United States.
Benchmark Brent crude…
Energy
Saudi Arabia will cut crude oil allocations to its customers worldwide in September by at least 520,000 barrels per day, an industry source said on Tuesday, as the top oil exporter makes good on…
Tabriz Refinery in East Azarbaijan Province plans to upgrade the quality of its diesel output to comply with the Euro-4 and Euro-5 emission standards by November, managing director of the…
Iran hopes the recent openings in economic and energy relations with foreign investors will put it on course to tap into its huge oil and gas reserves in the Caspian Sea, where the country has…
The 4th Gas Exporting Countries Forum Summit is scheduled to be held in Bolivia in central South America on November 20. According to IRNA, the summit will be an opportunity for the…
The growth of shale gas extraction is positioning the United States to be a bigger natural gas exporter, potentially challenging Russia's hold on the European market.
Tehran's milestone gas deal with French energy company Total has got the green light from all the necessary bodies and authorities, the rapporteur of Majlis Energy Commission said in a statement…
Germany should consider introducing binding quotas for electric cars for an automobile sector seeking to recover from a diesel emissions scandal and keep its place as a leading producer, deputy…
US refiners could face a continued squeeze on profit margins in the months ahead, as dwindling supplies of heavy crude from Venezuela and elsewhere are leading several to switch to higher-priced…
Oil prices edged lower on Monday, sliding away from nine-week highs, as worries lingered over high production from OPEC and the United States. Global benchmark Brent crude futures were…
A southeastern European company is said to be close to entering Iran's retail fuel market in a move that could dial down government monopoly on the distribution and sale of gasoline and other…
A delegation of Indonesia's state-owned oil and gas company Pertamina is scheduled to meet with representatives of the National Iranian Oil Company in Tehran to discuss technical issues…
Nebraska regulators will hear final arguments for and against TransCanada Corp’s proposed Keystone XL pipeline this week before deciding whether to approve its route later this year, the last…
Cutting the price of compressed natural gas for domestic consumers is imperative to reduce gasoline consumption and imports, despite the rise in fuel production in recent months, the head of…
In line with efforts to boost production from hydrocarbon reserves in Khuzestan Province, plans are in place to raise recovery factor from the oilfields in the region by a maximum of 20%,…
Britain's government launched a review on how best to reduce long-term energy bills for households and business on Sunday, prompted in part by concerns that high electricity costs could damage…
Clearing debts to Iranian contractors of Sangtoudeh 2 dam and power plant by Tajikistan can pave the way for further expansion of power cooperation with the neighboring state. Energy Minister…
Russian state oil producer Rosneft in April made a $1.015 billion advance payment to PDVSA, Venezuela’s state oil firm, under a crude oil purchase agreement with the company, Rosneft said in a…
The oil market is expected to see a downward correction this quarter, but Brent prices will move higher in the final quarter of this year, according to a research note from Barclays.
The $5 billion gas deal reached with Total S.A. last month set a new tone for Iran's energy industry and the country is now poised to seal new oil and gas agreements worth three times the gas…
Oil explorers reduced rigs drilling in US oilfields this week, fueling optimism that a shale slowdown and OPEC production cuts will be enough to deflate a glut and strengthen crude prices.
Oil investors seem to buy the idea that recovery is finally underway after three years of gluts, but a price boom seems unlikely as the options market shows that at least until OPEC's supply deal…
Saudi Aramco is negotiating a deal to buy a stake of more than 30% in a 260,000-bpd refinery in China owned by state firm PetroChina, in a transaction valued at up to $2 billion, Oil Price…
Tabriz Oil Refining Company signed a €1.6 billion ($1.88 billion) deal on Saturday with a consortium of South Korean and Iranian companies on financing and implementing a project to upgrade Tabriz…
The processing capacity of wastewater treatment plants in Iran has increased by more than a quarter in the last four years, Energy Minister Hamid Chitchian said on Friday.
