The surge in oil supplies that has crushed prices is prompting some refiners in Asia to buy more crude that can be delivered immediately rather than at some future date, adding to pressure on…
Energy
Iran is both producing and exporting jet fuel seasonally and on demand, production coordinator in the National Iranian Oil Refining & Distribution Company told Mehr News Agency.
The government has not made a decision yet to increase water prices, despite the enormous water consumption nationwide, Energy Minister Hamid Chitchian said, Tasnim News Agency reported on…
Libya's official government, based in the east since fleeing the capital, has so far failed to sell oil by itself, despite setting up a Dubai bank account and new central bank unit, industry and…
A Petroliam Nasional Bhd.-led group of companies decided to proceed with a C$36 billion ($29 billion) natural gas shipping project on Canada’s Pacific Coast, subject to government approvals,…
Austria’s state oil and gas company OMV wants to build a pipeline to bring Russian natural gas to Europe, which would bypass Ukraine, local media reported Saturday.
According to Die…
Without the implementation of a systematic quota, OPEC cannot have control over the oil market. The quota ought to be based on objective criteria, including countries' reserves, production…
World oil demand will rise much more than expected this year, the International Energy Agency (IEA) said on Thursday, in the latest sign that the collapse in oil prices is helping to boost fuel…
Natural gas vehicles (NGV) - cars that burn natural gas as the primary fuel - should receive subsidized fuel because of their "significant contribution to cutting fuel consumption," the minister…
Renewable energy projects by the private sector should be encouraged by utilizing resources made available through cuts in fossil fuel supplies to power plants, a deputy energy minister said.
Surplus production and export capacity at Iranian refineries has increased to almost 70 million liters a day, and as the new phases at the major South Pars fields come on stream, gas production…
Debt of the Energy Ministry to private power plants has reached a staggering 60 trillion rials ($1.8b), chairman of the board of directors at the Power Generation Companies Syndicate Mohammad…
Iran needs $100 billion to rebuild its gas industry and has met with European energy giants as an end to decades of international sanctions looms, according to a senior energy official.
Iran’s total gas exports to foreign countries reached over 9.6 billion cubic meters (bcm) in 2014, according to the 64th Edition of the BP Statistical Review of World Energy, hellenicshippingnews.…
According to secondary sources, Iran's oil production in May stood at around 2,856 thousand barrels per day (tb/d), ranking it third among other members of the Organization of the Petroleum…
Ahmed Al-Subaey, Saudi Aramco's marketing director, said the world's top oil exporter was already talking to prospective Indian buyers for additional oil. Saudi Arabia increased production in May…
Moscow believes unilateral actions for the construction of the Trans-Caspian Gas Pipeline could lead to mistrust among countries of the region, Russian Foreign Ministry…
More than 6.5 million fuel cards of dilapidated cars and motorcycles were revoked following the government's initiative to address problems and shortcomings related to the national fuel cards,…
OAO Lukoil, Russia’s largest non-state oil producer, said first-quarter profit dropped 60 percent after crude prices slumped. Net income fell to $690 million from $1.73 billion a year earlier, the…
Russia provided 10% of global energy resources in 2014, BP oil major said in its Statistical Review of World Energy on Wednesday. According to BP data, Russia was the third-biggest global producer…
A trilateral agreement was concluded between Iran, China and Indonesia to build an ultra-heavy oil refinery in Java island off Indonesia with a capacity of 150,000 barrels a day, head of Iran's…
Electricite de France SA’s sale of atomic power to competitors for the second half of the year has sunk to a fraction of what it was in 2014, signaling nuclear energy may be losing competitiveness…
Egypt will receive its first shipment of Australian Liquefied natural Gas on Wednesday, according to a report by Reuters.
The 159,760-cubic-metre cargo aboard the Woodside Rogers was…
Russian energy giant Gazprom has agreed all of the commercial conditions with its Turkish partners on gas deliveries, Gazprom Deputy Chairman Alexander Medvedev said Tuesday.
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Argentina is interested in acquiring Russian-designed VVER 1000 type reactors, Anibal Blanco, representing the National Atomic Energy Commission of Argentina (CNEA) at the ATOMEXPO 2015…
