Iran's crude oil exports in July are set to fall 7% from this month's three-month high, mainly due to a decline in exports to Europe, a person with knowledge of the Middle Eastern country's tanker…
Energy
There is no talk of further oil output cuts by the Organization of Petroleum Exporting Countries and its allies despite only a slow drawdown in inventories, the United Arab Emirates'…
Oil traded further below $47 a barrel on Wednesday after an industry report said US inventories increased, reviving concerns that a three-year supply glut is far from over.
Brent crude was…
After a brief drop in Saudi oil exports in April and May, June crude loadings appear to be back on the rise, according to tanker tracking firm ClipperData.
China National Petroleum Corp has suspended sales of fuel to North Korea over concerns the state-owned oil company will not get paid, as pressure mounts on Pyongyang to rein in its nuclear and…
Two weeks after a 700,000-barrel tanker named Neverland reportedly began its journey towards the US East Coast, Baghdad declared its readiness to challenge the legal validity of Kurdish oil…
Iran National Standards Organization (INSO) blocked the entry of one-third of foreign gasoline cargoes in the previous fiscal year (ended in March) that failed to meet its standards, said the…
Winning foreign investors' trust to finance mega oil and gas projects will not only help ensure economic growth and prosperity in the long term but also help it gain access to advanced…
Iran trades electricity with four neighbors on its northwestern and western borders, managing director of Azarbaijan Regional Electricity Company said on Wednesday.
“We have power deals…
In a strategic push to become the world’s lowest-cost seller of floating LNG (FLNG) plants, China is planning on a $7 billion investment spree in this type of projects offshore Africa, Oil Price…
Oil prices rose for a fourth consecutive session on Tuesday boosted by a weaker dollar and investors covering short positions, but worries over persistent oversupply capped gains.
Brent…
US President Donald Trump on Thursday will lay out his plan for reducing regulations to boost already-abundant US production of oil, natural gas and coal and export it around the world, creating…
Brazil’s most crippling recession on record is complicating life for OPEC. The nation’s growing oil production combined with slumping domestic demand has unleashed record exports, undermining OPEC…
A fire that ravaged part of the Isfahan Oil Refinery on Monday was doused within an hour without major casualties, local authorities said.
The National Iranian Gas Company is intent on raising the country’s share in global gas trade while providing domestic petrochemical plants with gas feedstock to produce value-added goods, NIGC’s…
An Iranian very large crude carrier (VLCC) has finally discharged its cargo almost six months after loading. The Snow—which is operated by Iran’s state-owned National Iranian Tanker Company—…
Institutional investors remain eager to put money to work on renewable energy projects even as US President Donald Trump has vowed to revive their chief competitor: coal, financial executives said…
Kharg terminal’s crude oil loading capacity has increased to 8 million barrels per day that is close to three times over and above the current level of oil and condensates exports, managing…
The first liquefied petroleum gas (LPG) consignment from the newly-launched South Pars Gas Field phases 17 and 18 will be exported in the coming weeks, the operator of the phases said.
Chinese contractors have won a tender to supply part of the power generating equipment for Sardasht Hydroelectric Dam in West Azarbaijan Province, an official in charge of developing the dam’s…
The Organization of the Petroleum Exporting Countries and 11 other producers have recorded the highest conformity level ever with their voluntary adjustments in production, achieving a level of…
Russian gas producer Novatek aims to topple Qatar as the world’s biggest exporter of liquefied natural gas as it gets closer to completing its first LNG project, a top executive said, batting away…
Decommissioning nuclear plants in Europe and North America from 2020 threatens global plans to cut carbon emissions unless governments build new nuclear plants or expand the use of renewables, a…
Oil Minister Bijan Namdar Zanganeh said Iran aims to increase crude oil production by around 200,000 barrels a day before the fiscal year is out in March 2018.
"Iran's oil output will reach…
Oil edged up on Friday, recovering some of its steep falls earlier in the week, but crude is still set for its worst first-half decline in two decades despite ongoing production cuts.
