The oil market should be more balanced next year as China and the developing world use more oil while supply of fuel from North American shale grows more slowly, the Organization of Petroleum…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Saudi Arabia told OPEC it raised oil production to a record as the organization forecast stronger demand for its members’ crude in 2016.
The world’s biggest oil exporter pumped 10.564…
The English Channel became the site of a new milestone on Friday when two electric planes crossed its waters in opposite directions, the first battery-powered aircraft to be…
Wind farming in Australia suffered another setback with the government banning its $7.5 billion renewable energy fund from investing in the industry.
Alireza Gharibi, managing director of Iran Gas Engineering and Development Company, said on Monday, "Build-Operate-Transfer contract to expand Iran Gas Trunkline-6—aka IGAT-6—was finally signed…
The director for international affairs at the National Iranian Gas Company, Azizollah Ramezani, said Monday, “Iran has reached no agreement with Turkish BOTAS Petroleum Pipeline…
Iran produced about 43 billion cubic meters of natural gas during the first three months of the current fiscal year (started March 21), Abdolhossein Samari, deputy director of the National Iranian…
Iran is preparing a proposal to Kazakhstan on resumption of oil swap operations and transit utilizing the potentials in Aktau and Neka terminals, off the Caspian Sea.
Oil prices fell on Monday as Iran and six world powers were close to nailing down a nuclear deal.
Iran and six world powers are reportedly on the brink of finding a nuclear deal that would…
China’s crude imports rebounded last month to near a record as the world’s second-largest oil consumer began filling tanks at a new strategic petroleum reserve site.
Russia is considering sending direct deliveries of fuel to Greece to help prop up its economy, Energy Minister Alexander Novak said on Sunday, quoted by Russian news agencies.
Electric companies may want to look at telecoms for a glimpse of their future. Just as telecom companies faced a challenging transition with landlines over the last 20 years, it appears that…
Drillers put rigs in US oilfields back to work for a second straight week, suggesting the end of an unprecedented retreat from the country’s prolific shale formations.
Russia's biggest oil producer Rosneft plans to boost hydrocarbon production by almost a fifth to 300 million tons of oil equivalent by 2020 by speeding up the development of upstream projects and…
Iranian researchers have succeeded in manufacturing 25 catalysts, including the catalyst used in the production of Euro-4 gasoline.
The catalyst utilized for producing Euro-4 gasoline was…
A fire that broke out at a pipeline of oil group Eni in Nigeria on Thursday was caused by oil thieves, Eni said, as the death toll of the accident rose to 13 people. "It appears likely the fire…
Energy export market will boom further on condition that private sector plays a more substantial role in this regard, director general of the Energy Ministry's Office for Developing Export of…
The four countries planning a gas pipeline from Turkmenistan to Pakistan and India via Afghanistan will in September pick a company to lead construction, paving the way to the start of work on the…
Oil prices may fall further despite stabilizing in recent months—and even beginning to rise modestly—because of a massive oversupply the International Energy Agency said.
The IEA said…
Twelve people died and three were injured in an explosion during repair work at an Eni SpA crude oil pipeline in Nigeria.
Iraq is losing more than $102 million each month because the IS militant group—aka ISIL that controls large parts of the country—is selling stolen oil, according to a parliamentary report issued…
Rod MacGregor, chief executive officer of GlassPoint Solar Inc., said the oil industry’s demand for energy is growing rapidly, and solar can supply much of that power.
Petroleo Brasileiro SA’s $58 billion asset sale proposal would be unprecedented for the oil industry and impossible to pull off.
European refiners from Spain to Greece are ready to resume purchases of crude from Iran as talks on a nuclear deal that could allow the country’s return to oil markets remained deadlocked.
Iran has the potential to become one of the world's top gas producers, thanks to its 34 trillion cubic meters of natural gas reserves, or around 18% of the world's total, Fitch Ratings says. But…
