Iran’s President Hassan Rouhani announced Thursday the opening of a new oil export terminal on the Gulf of Oman that will allow shipments to avoid the ...
Oil prices rose more than 3 percent Wednesday, extending gains from the previous session as improved risk appetite provided support despite data ...
Saudi Arabia, the world’s largest oil exporter, set a cap on local gasoline prices for July to help alleviate pressure on the cost of living and ...
The United Arab Emirates on Sunday said it supported an increase in oil output from August but suggested deferring to another meeting a decision by ...
OPEC+ oil producers will need to boost their output in order to meet demand set to recover to pre-pandemic levels by the end of 2022, the ...
A cargo of 1.033 million barrels of Iranian crude oil landed on US shores in March, data from the US Energy Information Administration (EIA) showed, ...
Iraq is building a new oil pier off its southern coast, financed by Japan, that’s expected to boost exports and imports of crude-derived products and ...
The value of Saudi Arabia’s oil exports in March rose by 75 percent year on year to 52.3 billion riyals ($13.95 billion), official data showed on ...
Demand for oil is continuing to rise following a dramatic plunge last year due to COVID-19, but the industry is taking a cautious approach to the ...
Iran’s chief nuclear negotiator said on Saturday Tehran expects US sanctions on oil, banks and other sectors and on most individuals and institutions ...
Representatives from the oil and gas industry will discuss potential methane regulation and how companies can align with the Biden administration’s ...
Energy giant Saudi Aramco on Sunday posted a 44.4 percent slump in 2020 net profit due to lower crude prices, as the coronavirus pandemic weighed ...
India and the UAE on Wednesday discussed ways to strengthen energy cooperation, India’s oil minister Dharmendra Pradhan said, despite the South Asian ...
Venezuelan state oil company Petroleos de Venezuela has begun rationing diesel to truckers, four transport sector sources told Reuters, as low ...
Israel has located the ship responsible for an oil spill that blackened its beaches with tar last month, the environment ministry said on Wednesday, ...
Oil company executives at CERAWeek by IHS Markit were adamant on Monday that crude demand will rise over the coming decade and that the fossil fuel ...
Iran said on Monday that a US move this month to seize a cargo of oil on the grounds that it came from Tehran was an act of piracy, adding that the ...
Global demand for crude oil has yet to reach its peak, despite challenges to demand caused by the coronavirus pandemic, International Energy Agency ...
Maintaining the recent big recovery in oil output that Libya has seen in the last few months is conditional on stability and budget, the head of the ...
Oil edged higher in Asian trading with support from a weakening dollar as investors weighed a worsening short-term demand outlook against an eventual ...
Oil demand is not likely to return to levels seen in late 2019 before the coronavirus pandemic until the end of next year or even later, Daniel Yergin ...
Saudi Aramco has discovered four new oil and gas fields in Saudi Arabia, the Minister of Energy Prince Abdulaziz bin Salman announced on Sunday, ...
Saudi Arabia should expect to achieve oil revenues for the next year ranging between 400-500 billion riyals, according to Mazen al-Sudairy, head of ...
OPEC+ members will consider whether to extend existing oil cuts for three to four months or to gradually increase output from January during their two ...
Iraqi lawmakers on Thursday passed an emergency spending bill to allow the cash-strapped government to borrow abroad as the economy reels from low oil ...
Global oil demand is unlikely to get a significant boost from the roll-out of vaccines against COVID-19 until well into 2021, the International Energy ...
International oil companies - US companies in particular - are an important indicator of the future of the petroleum industry. Last week, despite the ...
The world’s largest oil and gas company Saudi Aramco released its third quarter results Tuesday, painting a bleak picture for the world’s national oil ...
Norway’s top court began to hear arguments on Wednesday on the legality of awarding offshore oil licenses in the Arctic, in a landmark case that could ...
Earlier in the 20th century, Iraq was an agriculture-dependent new country with only a fledgling oil sector.Zooming forward to 2020, Iraq is now ...
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