Oil demand growth in the world’s biggest oil importer—China—is at risk of slowing down, at least in the coming months.
Energy
Natural gas will account for a major part of energy basket in Iran and the world, as it is the most prevailing source of energy.
Norway’s ship-owners and two oil unions said on Saturday they planned no compromise talks to end a five-day strike over wages and pension benefits before a planned escalation of the stoppage…
Venezuelan oil production crashed to a new 30-year low of 1.5 million barrels a day in June, the Organization of Petroleum Exporting Countries said.
Spain’s transition to a low-carbon economy is making strong progress with almost half of all power now coming from renewable energy.
Fresh data from Red Electrica de Espana, the country’…
South Korea’s imports of Iranian oil fell 40.3% in June from the same month a year ago to their lowest since January 2015, as the country’s buyers’ slashed purchases ahead of the reimposition of…
To save natural resources in power stations and fight the menace of air pollution, plans are underway to boost thermal power plants' efficiency from 37% to 40% by the end of the Sixth Five-Year…
Two Iranian oil and gas companies have jointly conducted high-tech rigless stimulation and clean-up operation on a well in the fourth phase of the giant South Pars Gas Field in the Persian Gulf…
The natural gas grid will cover 3,600 villages across the country by the end of the current fiscal (March 2019), the National Iranian Gas Company’s deputy for gas distribution said.
China’s crude oil imports fell for a second month in a row in June to the lowest since December, as shrinking margins and volatile oil prices led some independent refiners, known as “teapots”,…
The current level of oil prices stems particularly from the US trade war, Russia’s Energy Minister Alexander Novak said on Friday.
“Those oil price declines are negative signals for the…
Ireland could become the first country in the world to quit fossil fuel investments completely, after the Fossil Fuel Divestment bill was passed by the country’s lower house, the Dail Eireann.…
The United States intends to impose sanctions on all customers of Iranian oil, including China, the EU and Russia, Treasury Secretary Steven Mnuchin said on Thursday, signaling that the US will…
Shazand Refinery in the central city of Arak, Markazi Province, has produced 1.2 billion liters of Euro-4 and premium gasoline in the current fiscal year (started March 21), the refinery’s…
Iran is keen to play a bigger role in the global natural gas market with the help of its private sector, the managing director of National Iranian Gas Company said.
Kavian Petrochemical Complex’s output will rise by 25% in 2019 compared to the current production volume of 1.6 million tons, managing director of the company said.
Completing the value-added production chain in the petrochemical sector can generate higher revenues, first deputy speaker of the parliament said.
"The development of petrochemical…
Apple Inc will launch a $300 million clean energy fund in China, the firm said in a statement on Friday, working with its suppliers to invest in renewable energy projects that could power close…
Oil prices fell on Friday as markets digested big swings earlier in the week that have left both major benchmarks facing a second weekly loss and largely shrugged off a warning about tightness…
A rise in oil prices caused by the United States’ sanctions policies will hurt economic growth in China, Europe and other consumers, much like US President Donald Trump’s trade measures, a top…
Iran will take care to supply India with all the oil it needs, the country’s embassy in India said, a day after its deputy ambassador threatened that Iran could turn the tap off if India cut…
OPEC forecasts world demand for its crude will decline next year as growth in consumption slows and rivals pump more, pointing to the return of an oil market surplus worsened by an OPEC-led pact…
Energy Minister Reza Ardakanian on Thursday inaugurated a 230-kilovolt electrical substation in Germi in the northwestern Ardabil Province.
Ardakanian said the project, which has come on…
The National Iranian Oil Products Distribution Company has reduced gasoline imports from 9 million liters per day to 5.7 ml/d in the second quarter of the current fiscal year (started June 22),…
The decrepit power distribution network is a major factor contributing to soaring electricity blackouts in the capital Tehran, a member of Iran Electricity Industry Syndicate said.
"A…
