OPEC’s share of US oil imports has been declining and has dropped sharply over the last few years.
In 1990, the Organization of Petroleum Exporting Countries supplied 62% of all crude…
Energy
An Indian consortium is willing to spend as much as $11 billion to develop a giant Iranian natural gas field and build the infrastructure to export the fuel as long as the Persian Gulf nation…
Germany’s Uhde GmbH has commenced the development of two propane dehydrogenation (PDH) plants in the cities of Mahshahr in Khuzestan Province and Asalouyeh, Bushehr Province.
Iran’s electricity consumption reached a peak of 52,470 megawatts on Sunday, the highest in the current fiscal year that started in March and close to the 52,790-MW mark reached in the fiscal 2016…
French energy giant Total S.A. signed a groundbreaking deal on Monday to develop Phase 11 of the South Pars Gas Field in the Persian Gulf, becoming the first major oil and gas company to return…
Russian oil output stood at 10.95 million barrels per day last month, unchanged from the previous month, the country's Energy Ministry data showed, pointing to the country's full compliance with a…
Morocco will soon be home to the world’s largest renewable energy-run desalination plant for drinking water and irrigation, following the signing of the first development phase of the €309 million…
US oil traders are hoping the sweltering days of July are also hot ones for demand, believing the new month is the last best opportunity this year to see the overhang of inventories finally…
A reinvigorated shale oil industry and higher supplies from other producers will continue to keep prices in check, Hossein Amiri-Khamkani, a member of Majlis Energy Commission, said.
State-owned buildings constitute nearly 7% of total electricity use in Iran, so the government plans to reduce consumption.
The high level of water behind dams cannot guarantee the supply of potable water in the long run, as long as the overworked water utilities are not overhauled, a deputy energy minister for water…
An estimated $2 billion in projects are underway to expand the natural gas network to 46 small towns and 5,000 villages by the end of the current fiscal year (March 2018), an official at the…
Iran plans to sign a contract to develop its giant South Pars Gas Field with France's Total on Monday, the first major European energy investment since sanctions against Tehran were lifted over a…
The amount of associated petroleum gases that are burned off at the 4th South Pars Refinery has been curtailed by 23% per year, an official who oversees the refinery's operations said on Saturday…
OPEC oil output rose in June by 280,000 barrels per day to a 2017 high, a Reuters survey found, as a further recovery in supply from the two member countries exempt from a production-cutting deal…
The US government warned industrial firms this week about a hacking campaign targeting nuclear and energy sectors, the latest event to highlight the power industry's vulnerability to cyberattacks…
Russia's Rosneft, the world's top listed oil producer, wants to supply gas in parts of Europe where Gazprom is not present to avoid the risk of losing those markets to US liquefied natural gas, a…
The shadow of political disputes hanging over the development of Iran's massive hydrocarbon deposits and its new model of oil contracts will seriously undermine national interests, the deputy oil…
Iran will begin exporting gas to the southern Iraqi city of Basra within six months, according to the National Iranian Gas Company, under a gas supply contract signed between Tehran and Baghdad in…
As Saudi Arabia leads three other Arab states in accusing Qatar of destabilizing regional security, one thing is becoming increasingly clear in the oil market: tensions have yet to reach a point…
US President Donald Trump has a plan to help the aging fleet of US nuclear reactors estimated to be losing nearly $3 billion a year: study the issue.
Asian demand for crude oil from the Atlantic Basin and the Americas is set to rise as low prices drive Japanese and South Korean buyers to snap up cargoes to arrive ahead of peak winter…
Crude oil futures on Friday were on track for their biggest weekly gain since mid-May, ending five weeks of losses with prices underpinned by a decline in US output.
US crude futures have…
Tehran is expected to start talks with Beijing over deferred payments for import of Iranian petrochemical products, said Marzieh Shahdaei, chief executive officer of the National Petrochemical…
Developing Phase 11 of the giant South Pars Gas Field in the Persian Gulf by French energy giant Total S.A. is forecast to cost more than $5 billion over three years, the rapporteur of Majlis…
