Russia has accounted for oil at $40 a barrel in its budget, the country's Finance Minister Anton Siluanov told CNBC in a TV interview on Friday.
Brent crude was trading above $57 on…
Energy
The European Commission wants Russian gas giant Gazprom to make more concessions in order to end a six-year long antitrust investigation, the commission said on Friday after another round of…
About 13% of US Gulf of Mexico oil production remains offline in the aftermath of Hurricane Nate, the US Department of the Interior’s Bureau of Safety and Environmental Enforcement said on…
A tender for the construction of part of a pipeline to transfer crude oil to Jask Oil Terminal in the southern Hormozgan Province is due to be held in the next few days, the managing director of…
In line with efforts to enhance power production capacity, the Thermal Power Plants Holding Company is in serious talks with East Asian firms to attract investment to build new thermal power…
A top official at Iran's state oil company on Saturday sought to ensure that the country's key petroleum industry will not be rattled by US President Donald Trump's decision to decertify Tehran'…
Oil prices will crash to just $10 per barrel over the next six to eight years, as alternative energy fuels continue to attract more and more investors, Chris Watling, chief executive of London-…
Global supply and demand for crude oil will be largely balanced next year, as growth in consumption helps erode a three-year-old overhang of unused fuel and should mostly offset a steep rise in…
Oil prices firmed on Friday as bullish news from strong Chinese oil imports to turmoil in the Middle East put Brent on track for a more than 3% weekly gain. The developments added to other signs…
Iran's recoverable oil reserves are estimated at 101 billion barrels, the head of a special department at the National Iranian Oil Company that oversees reservoirs, said.
Karim Zobeidi…
Some of the biggest western energy companies laid out their vision for Iran's downstream petroleum sector this week, proposing plans to license and finance the country's petrochemical ventures…
Iran will sign a contract with a Norwegian oil and gas company in the next few days to build the country’s first floating liquefied natural gas (FLNG) unit in the Persian Gulf, the managing…
Oil Minister Bijan Namdar Zanganeh has appointed a new managing director for the National Iranian Oil Refining and Distribution Company, Oil Ministry's official news service Shana reported.
India wants to attract foreign investments for $300 billion of energy projects planned for the next decade, its oil minister said, as the world’s third biggest oil consumer aims to cut imports.…
BNP Paribas SA promised to stop financing shale and oil sands projects as part of its latest efforts to tackle climate change.
France’s biggest bank will no longer do business…
China will "compel" Saudi Arabia to trade oil in yuan and, when this happens, the rest of the oil market will follow suit and abandon the US dollar as the world's reserve currency, a leading…
Iran’s new model of contracts for oil and gas projects has made investment in the country’s petroleum industry much more appealing for multinationals. Lyu Gongxun, vice president of PetroChina…
Oil prices rose for a third day on Wednesday on signs that markets are gradually tightening after years of oversupply, though the outlook for 2018 remained less certain.
Europe's renewable powerhouse Germany plans to build a solar farm in central Iran, following in the footsteps of a British company that landed the biggest solar power contract in Iran's energy…
Iran continues to remain a top performer in a global deal to cut oil supplies as data by OPEC showed the country pump around 3.82 million barrels per day for a second consecutive month in…
A tender for developing Iran’s Azadegan Oilfield has been postponed again, a senior Iranian oil official said on Tuesday, adding that it will not be held in 2017.
Oil rose to around $56 a barrel on Tuesday, supported by Saudi Arabia's planned export cuts in November and comments from OPEC and trading companies that the market is rebalancing after years of…
OPEC Secretary-General Mohammed Barkindo called on US shale oil producers to help support plans to curb global oil supply on Tuesday, warning that unprecedented measures may be necessary next…
Iraq and Iran boosted crude exports in September, taking advantage of a slower pace of shipments from the rival Saudi Arabia to win buyers in key markets like China and the US.
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, on Monday said it has not heard from Iran on the $11 billion "best offer" it gave for developing the Farzad-B gas field…
