Oil steadied on Tuesday after almost a week of sharp falls, but the outlook remained weak amid oversupply and several banks cut their price forecasts.
Energy
Abu Dhabi's state-owned oil company on Monday announced plans to publicly list parts of its business and seek new partnerships with oil majors. The UAE's energy giant is seeking to boost…
Iran will see a steep rise in its natural gas output and exports after last year's easing of international sanctions, Deputy Oil Minister Amirhossein Zamaninia said on Tuesday, adding that recent…
Iran's petroleum industry is operating with technology and equipment that belong to several generations ago and the way to eliminate the bottleneck is by opening up the key sector to foreign…
Imposing higher tariffs on those who exceed reasonable consumption limits is most effective way of convincing the public to consume electricity prudently, a veteran economist says.
Energy Minister Hamid Chitchian on Tuesday inaugurated a 230-kilovolt electrical substation in Bashagard, Hormozgan Province. The substation cost $12.2 million to develop.
Iran's top engineering and energy enterprise MAPNA Group on Monday unveiled an improved design of a gas turbine for use in domestic power stations as well as a major power…
India, the world's third-largest oil importer, will take in crude oil from the United States for the first time after Indian Oil Corp. bought a cargo that will be delivered in October.
Total is well placed to take a lead role in helping Qatar expand output from the world's largest gas field, thanks largely to its involvement in the Iranian side of the shared deposit, two sources…
Oil prices slipped on Monday after banks dampened hopes that the meeting of producers in Doha next Sunday, aimed at freezing current output levels, would improve the demand-supply balance.
Iran is readying its first round of oil and gas exploration tenders since the easing of economic sanctions in Jan. 2016, hoping to attract the likes of BP and Gazprom, an Iranian energy official…
Iran aims to boost the nominal output capacity of its shared oilfields with Iraq in an oil block known as West Karoun in Khuzestan Province by 1 million barrels a day from the present 320,000 bpd…
In line with plans to raise the export of oil products from southern terminals, the flow of oil derivative in some pipelines, which are used to transfer the products from south to central and…
OPEC is thinking of placing a ceiling on crude oil outputs of Libya and Nigeria, as rising production from these two OPEC producers exempt from the cuts is further complicating efforts to draw…
In an effort to curtail electricity consumption and alleviate power demand that soared to record-high levels in recent days, Iran Power Generation, Distribution and Transmission Company (Tavanir)…
Iraq started drilling the first well in the Huwaiza oilfield near the Iranian border, which may contain 1 billion barrels in reserves, the Iraqi Oil Ministry said on Sunday. The field is being…
OPEC and other major oil producers have taken on an ambitious battle to rebalance the oversupplied oil market, but despite the best intentions, their efforts are not enough, Morgan Stanley, the…
Securing the 20-year deal with French oil and gas major Total as well as China's CNPC to develop Phase 11 of the South Pars Gas Field in the Persian Gulf shows that Iran has normalized its…
Iran's crude oil traded at about $43 per barrel in the week to June 30 amid concerns about rising US crude inventories and limited impact of an OPEC-led scheme to reduce supplies and raise prices…
Iran's Petrochemical Commercial Company has opened an office in London to ease operations pertaining to attracting foreign finance and opening lines of credit.
Gazprom Neft has signed a memorandum of understanding with Spain’s Repsol. The memorandum outlines areas for evolving collaboration through a joint enterprise to develop hydrocarbon resources in…
OPEC delegates said on Friday they were encouraged by Russia's openness to talking about changes to an OPEC-led deal to cut oil supplies, opening the door to more steps being considered to clear a…
Cash-hungry Venezuela has offered Indian oil company ONGC Videsh an increased stake in an oilfield, according to two sources close to the proposal, as the country seeks to shore up its bruised…
Iran's Arya Sasol Company has achieved two five-star grading from the British Safety Council, one of the world's leading health and safety organizations.
A slew of foreign investors have agreed to build thermal power plants in Iran in what would raise the country's electricity generating capacity to more than 80,000 megawatts, an official at the…
