One of China’s biggest state-held companies, Sinopec, is suing Venezuela’s debt-ridden state oil firm PDVSA in a US court over unpaid bills, in a sign that China may be losing patience with its…
Energy
A Bulgarian renewable power developer has signed a memorandum of understanding to expand solar photovoltaic infrastructure in Jahrom, a city and country in the central-southern Fars Province.
Turkmenistan plans to take a dispute with Iran over gas supplies to international arbitration, Turkmen state news agency TDH said on Tuesday.
The two nations have been locked in the…
Operations started on Monday to construct a petrochemical complex in Mahshahr, Khuzestan Province, whose main product would be propylene, a building block for a large number of chemicals.
Oil prices fell on Wednesday after a surprise rise in US inventories of refined products in what the market interpreted as a sign of flagging demand.
Brent crude futures were down 48…
A stronger than anticipated OPEC-led commitment to extend production cuts will support prices through 2018, according to analysts at Goldman Sachs.
Austria's HOT Engineering Company signed a contract with the Industrial Development and Renovation Organization of Iran to provide much-needed consultancy services, technical support and a…
The Iraqi government approved a deal to import natural gas from Iran to the eastern border province of Diyala, it said in a statement on Tuesday, increasing purchases of the Iranian fuel, which…
Natural gas production is slated to commence at Phase 14 of South Pars Gas Field in the beginning of next year, director of Phase 14 said, a positive step in plans to launch all development…
Malaysia’s state energy company Petroliam Nasional Berhad, or Petronas, forecast oil prices to be in the $50-60 range in its 2018-20 Activity Outlook report. “In our view, the oil price outlook…
State-owned National Iranian South Oil Company has signed five memoranda of understanding with domestic scientific centers for research on increasing the recovery rate of oilfields.
The…
Budapest is keen on increasing oil purchases from Tehran in the future.
Hungary’s Minister of National Economy Mihaly Varga made the statement on the sidelines of a meeting with Oil…
A consortium of Chinese and Hong Kong companies has signed an agreement with Iran's Industrial Development and Renovation Organization for a joint venture to produce solar photovoltaic panels in…
OPEC and its allies outside the group will maintain their cuts in oil output until global production meets demand, Saudi Arabia’s Energy Minister Khalid Al-Falih said.
The Organization…
Oil fell on Monday after US shale drillers added more rigs last week, but prices still held close to their highest since mid-2015, supported by an extension of output cuts agreed by OPEC and…
Exxon Mobil is considering a foray into Egypt's offshore oil and gas, seeking to replicate rivals’ success in the country and boost its reserves, officials and industry sources said.
Asian markets continue to remain the largest recipient of Iranian crude, as European customers account for around 40% of Iranian oil exports.
Iran shipped 60% of its crude exports to…
Russia's second-largest crude producer Lukoil has not asked for any additional compensation in return for curbing production in line with the extension of the OPEC and non-OPEC production cut…
In line with policies to provide the country's deprived and least-developed regions with natural gas, Zabol in the southeastern Sistan-Baluchestan Province will join the national gas network by…
Profiting from higher global energy prices, Iran is shipping out larger volumes of gas condensates, a type of ultra light crude, on the strength of additional supplies from the giant South Pars…
With the Senate Republican tax bill racing towards a contentious vote despite numerous obstacles, a group of American energy trade bodies have penned an open letter raising urgent concerns that…
Confronting one of the most hazardous environmental legacies of the Soviet era, Russian authorities are taking steps to clean up a decades-old problem posed by nuclear waste in Arctic areas.
China is in the final stages of preparation to launch crude oil futures, the vice chairman of the country’s securities regulator said on Saturday. “After years of preparation, crude oil futures…
Asian markets continue to remain the largest recipient of Iranian crude, as European customers account for around 40% of Iranian oil exports.
Iran shipped 60% of its crude exports to…
Turns out, America’s decade-long shale boom might just end up being a little too good to be true.
Hydraulic fracturing, or fracking, has turned the US into a force in the global oil and…
