Anglo-Swiss commodity trader Glencore has chartered a ship to load oil at the Iranian southern port city of Bandar Mahshahr in a move that signals the return of Iranian crude and petroleum…
Energy
As US natural gas prices collapse to 1990s-era lows, producers in four shale plays are cutting their losses. Surging output has sent gas futures tumbling, forcing drillers to abandon marginal…
Iran wants to recover tens of billions of dollars it is owed by India and other buyers of its oil in euros and is also billing new crude sales in euros, as the country looks to reduce its…
US President Barack Obama will launch a long-shot bid next week to impose a $10-a-barrel tax on crude oil that would fund the overhaul of the nation's aging transportation infrastructure, the…
Royal Dutch Shell confirmed it will cut 10,000 jobs worldwide after an 87% plunge in annual net profits on slumping oil prices.
The Anglo-Dutch group reported a profit of $1.94 billion for…
A deputy oil minister said gas export to Pakistan and India is economically viable, in spite of Qatar’s policy of selling gas cheaply.
“As most of Iran’s exported gas is extracted from…
Danish catalysis company Topsoe said in a press release on Thursday it will open an office in Tehran as it has reached an agreement with an Iranian firm to establish a petrochemical plant in the…
Iran has been discussing possible oil sales to top Russian oil producer Rosneft, Russian news agencies quoted a top adviser to Iran's Leader Ayatollah Seyyed Ali Khamenei as saying in Moscow on…
Six members of the Organization of Petroleum Exporting Countries and Russia have agreed to hold an extraordinary meeting to deal with tumbling oil prices.
The statement was announced in a…
Head of the Iran-India Commercial Council outlined possible reasons behind India’s declining oil imports from Iran in January, despite their growing interest in Iranian oil.
Oil bulls distressed that last week’s rally fizzled can find some comfort in forecasts for a bigger and longer rebound by the end of the year.
Oil rose on Wednesday, paring earlier losses after fresh comments from Russia about its openness to talk with OPEC over output cuts helped revive hope among investors that the world's largest…
Top oil exporter Saudi Arabia faces a dilemma when setting its monthly export prices this week, as Iran ramps up crude shipments into an already oversupplied market.
A US judge ordered Petrobras, the state-run Brazilian oil company, to face class-action litigation by investors seeking to recoup billions of dollars in losses stemming from a bribery and…
Iran and Germany discussed preparing the grounds for the transfer of the Islamic Republic's blocked oil equipment in a meeting between senior officials of the two countries in Tehran on Wednesday…
Iran and Spain are closing in on a deal to carry out joint power projects in Africa and the Americas, while negotiations are underway to build hydroelectric power plants in Ecuador.
Debts of petrochemical complexes and Iran Power Generation, Distribution and Transmission Company (Tavanir) to the National Iranian Gas Company have reached nearly $3 billion, financial director…
A Japanese engineering firm is expected to soon sign a contract with the Iranian government for oil refinery repair work.
In an exclusive interview with NHK, sources close to the deal say…
For the last 75 years, almost every economic crisis has been preceded by an oil price spike. The worry now is that low energy prices are pushing the global economy into a tailspin.
India's oil imports from Iran fell more than a quarter in January from the previous month, although incoming shipments are expected to pick up in February as post-sanctions crude starts arriving…
A memorandum of understanding has been signed by Iran’s Energy Ministry and French company Suez S.A. on reducing water wastage by 10%, a deputy energy minister announced on Tuesday.
Alireza…
Norway is not planning to introduce any changes to its oil production levels despite low prices in the global market, a communication adviser with the Norwegian Ministry…
Venezuela's Oil Minister Eulogio Del Pino will visit Tehran on the second leg of his foreign trip on Wednesday to discuss the global oil market with his Iranian counterpart Bijan Namdar Zanganeh…
BP Plc reported a 91% decline in fourth-quarter earnings after average crude oil prices dropped to the lowest in more than a decade. The company’s shares fell the most since August.
Profit…
The International Court of Arbitration announced its verdict over the long-awaited Iran-Turkey gas dispute, according to which Iran was convicted for selling gas to Turkey at a higher price…
