The outlook for oil is still bullish even if OPEC accedes to US pressure to boost supply, Goldman Sachs Group Inc.’s top commodities analyst said.
Energy
Venezuela has begun testing seaborne oil transfers to ease a severe backlog of crude deliveries from its main terminals, according to sources and data, as chronic delays and production declines…
An oil tanker hauling Iranian crude is making the first delivery to Chile in at least 16 years, a sign the Persian Gulf country may be seeking out new customers for its oil in the face of…
Iraq and Iran have not yet begun exchanging crude oil because of technical reasons, Iraqi Oil Minister Jabar al-Luaibi said on Wednesday. Iraq agreed last year to ship crude from the northern…
Iran has produced 2.72 billion kilowatts-hour from renewables in the past nine years, in its stable and steady bid to shift focus from fossil fuels to greener energies.
According to data…
Italy-based Saipem, a leading oil and gas contractor, has expressed readiness to have an active presence in Iran's petrochemical ventures.
Utility tunnels will expand across the capital Tehran, the managing director of Tehran Regional Electricity Company said.
Azerbaijan started to export electricity to Iran on June 1, the country's major electricity producer, Azerenerji JSC, announced.
Yahya Babanli, Azerenerji's spokesman, said the company…
In line with efforts to boost the country's oil refining output, Imam Khomeini (Shazand) Refinery's Euro-4 gasoline production capacity has reached 16.5 million liters per day, the refinery’s…
Swiss company Casale SA and National Petrochemical Company explored grounds for providing Iranian companies with their much needed technology and licenses.
According to NIPNA, NPC's…
Iran, as the only country that runs a deepwater semi-submersible drilling rig in the Caspian Sea, displayed its abilities in the drilling industry at an exhibition in Baku, Azerbaijan.
Indian state refiner Bharat Petroleum Corp has requested an extra 1 million barrels of oil from the National Iranian Oil Company for June, two industry sources said, amid a looming threat of…
Top oil exporter Saudi Arabia may raise the official selling price (OSP) for most of the crude grades it sells to Asia in July for a second month, possibly raising flagship Arab Light to its…
Daelim Industrial Company, a major South Korean construction firm, has canceled a construction deal worth 2.2 trillion won ($2 billion) with an Iranian oil refining company in the wake of the…
Shell said on Thursday it had started early production at a deepwater subsea development in the US Gulf of Mexico a year ahead of schedule and at a forward-looking, breakeven price of less than…
India will reportedly pay for Iranian oil in rupees, as the two countries seek to bypass the US economic pressure on Tehran, sources said.
Under the deal, the payments for oil will be…
US crude oil steadied on Friday after deep losses in the previous session on pressure from all-time high US production and expectations of higher OPEC output.
Japan could seek some kind of exemption from the returning US sanctions on Iranian oil exports, as its companies don’t want to abruptly stop importing Iranian crude, an official at Japan’s…
As part of a drive to protect the environment and curb air pollution, the Comprehensive Monitoring Office at the Department of Environment has reached a deal with the National Iranian Oil…
Gas Exporting Countries Forum, an industry group representing gas sellers, will support its members against US sanctions as the restrictions have no economic basis, GECF’s secretary-general said…
Three new platforms of the South Pars Gas Field's phases 13, 14 and 22-24 in the Persian Gulf will be installed by summer end (Sept. 22), Pars Oil and Gas Company's director for project planning…
Oil Minister Bijan Namdar Zanganeh has called on UAE Minister of Energy and Industry Suhail Mohammed Al Marzouei to include in the June 22 meeting of the organization in Vienna ways and means to…
Lukoil, Russia’s second biggest oil producer, said on Tuesday it had decided not to go ahead with plans to develop projects in Iran at present due to the threat of US sanctions, a company…
A total of 63 plans with a progress rate of 60-90% are under construction in the petrochemical industry, the head of board of directors at Iran’s Association of Petrochemical Industry…
The National Iranian Drilling Company has conducted 209 logging operations on the country's onshore and offshore hydrocarbon reservoirs since the beginning of the current fiscal that started on…
