Oil prices rose on Friday, snapping a week-long decline as investors closed positions at the end of a volatile week that saw prices slide nearly 10% on renewed signs a global supply glut was here…
Energy
Russian Energy Minister Alexander Novak will visit Iran on October 21, the same day Russian and other oil producers are scheduled to meet officials from OPEC in Vienna, Reuters cited a ministry…
British oil and gas major BP and China's state-owned China National Petroleum Corp. will next week unveil a strategic alliance to develop oil resources in Iraq and other regions, industry sources…
South Korea's crude oil imports from Iran jumped 43% in September from a year ago, though shipments in the first nine months of 2015 fell 4.5%, reflecting sanctions restricting buying…
Director of the National Iranian Oil Company elaborated on the framework of the new oil agreement between Tehran and Tokyo, a week after the two sides discussed raising Iranian crude supply to…
Gas output from South Pars Gas Field is targeted to increase by 100 million cubic meters per day once the drilling of wells in the offshore sector of phases 12, 15, 16, 17 and 18, and parts of…
The quality of tap water in the Iranian capital is 70% better than that of bottled water brands, an official at the Tehran Province Water and Wastewater Co. said, according to what he referred to…
Political stability and security of the Islamic Republic are key factors for foreign companies before making investment in the country's oil sector, said a former oil minister.
"Foreigners…
Japan has restarted a second reactor at a nuclear power plant.
The government is trying to bring down energy prices, but faces widespread opposition to nuclear power following the Fukushima…
Iran exported more than 5.7 million liters of jet fuel to Afghanistan and Armenia in September, managing director of the National Iranian Oil Refining and Distribution Company said.
Oil production from the Organization of Petroleum Exporting Countries totaled 31.2 million barrels per day in September, down 60,000 bpd from August as Saudi Arabia further reined in supply,…
A photovoltaic power station will be built by German contractors in the city of Ahvaz in southern Khuzestan Province, in the first major economic agreement to develop the infrastructure for…
Oil prices will not rebound to $100 a barrel before 2020, when US shale production will gradually start to decline, according to a former head of the International Energy Agency.
The strategic project of overhauling underground pipelines at Kharg Oil Terminal in the Persian Gulf has been completed and Iran's largest oil terminal is fully geared for the lifting of sanctions…
Iran must refrain from idealism in negotiations over new oil contracts, said a senior legal consultant at the National Iranian Oil Company.
"While negotiating oil contracts in the post-…
Iran exports around 30 million cubic meters of natural gas per day, but plans to raise the amount to 200 mcm/d in the near future, deputy oil minister for planning and supervision said.
Iran is ready to initiate crude exports to Indonesia, director of foreign affairs at Iran's Oil Ministry said.
Speaking on the sidelines of a two-day trip of an Indonesian trade delegation…
E.ON is selling its Norwegian oil and gas assets to Russian billionaire Mikhail Fridman in a deal worth $1.6 billion, as Germany's biggest utility continues to shed assets under a restructuring…
The construction of a styrene-butadiene rubber (SBR) production plant, an important petrochemical byproduct used in tire production, goes underway in Pars Special Economic Energy Zone in the…
Saudi Arabia's decision to flood world markets with oil is a mistake that the kingdom has repeated several times in the past four decades, Nigeria's former central bank governor said in an…
The country needs $2 billion to expand the natural gas network to cover industrial units nationwide, said a top advisor to oil minister.
"About $885 million of the required amount have been…
Iran will need to import about 20% more gasoline to meet demand in the first year after economic sanctions are lifted, creating a market for some $1 billion in fuel sales, according to traders and…
Ramping up extraction from joint oil and gas fields is a top priority of the Oil Ministry, an official at the Research Institute of Petroleum Industry said on the sidelines of the Second National…
Iran's new oil contracts, which will be presented in a November conference in the capital Tehran, will facilitate private sector investment in the country's lucrative oil and gas projects, the…
A global oil supply glut will persist through 2016 as demand growth slows from a five-year high and key OPEC members maintain near-record output, the International Energy Agency said, even as low…
