Conventional water treatment methods (filtration and disinfection) used in drinking water networks across the country are functioning as designed and prevent all waterborne pathogens, head of the Energy Ministry's crisis management department said.
“There is no way pathogens (coronavirus or any...
Oil’s rout may have been an unexpected boon for the biggest buyers of liquefied natural gas, but its knock-on effects may come back to bite them.
That is because more than a dozen proposed LNG export projects from the US to Mozambique are at risk of being delayed or scrapped as crude careened to...
Oil fell on Monday as an emergency rate cut by the US Federal Reserve failed to soothe global financial markets panicked by the rapid spread of the coronavirus, while a price war between top producers added to a growing supply glut.
Brent crude fell $2.07 to $31.78 a barrel, extending last week’...
Oil giant Saudi Aramco on Sunday posted a 21% decline in 2019 net profit due to a drop in oil prices and production, and said it plans to “rationalize” capital spending in the wake of the coronavirus outbreak.
This was Aramco’s first earnings announcement after it listed in December in a record...
Oil futures surged in aftermarket trading after Donald Trump said the US government will take advantage of low oil prices and buy "large quantities" of crude to fill the Strategic Petroleum Reserve.
"Based on the price of oil, I've also instructed the secretary of energy to purchase, at a very...
The coronavirus pandemic has stoked concerns of a global economic recession as it spreads across the world, igniting one of the sharpest oil price plummets in the last 30 years and causing the biggest stock plunge on Wall Street since the stock market crash in 1987.
While the crisis has led to a...
Oil prices were set for their worst weekly drubbing since the 2008 financial crisis, despite eking out a 2% on Friday, as investors eyed evaporating demand from the coronavirus pandemic and a production ramp-up by top producers.
Brent crude was up 70 cents, or 2.1%, at $33.92 a barrel after...
Russia stepped up its price war with Saudi Arabia by warning it can raise oil production, while also saying further cooperation with OPEC is possible.
After the collapse of OPEC+ talks last week, Russia could increase output by as much as 500,000 barrels a day in the near future, Energy Minister...
Prices for spot liquefied natural gas cargoes imported into Japan, the world’s biggest buyer of the fuel, fell in February to the lowest since the country’s trade ministry started compiling data in 2014.
LNG prices have been hit by a perfect storm of new supply coming on stream in the United...
One of the important measures taken by petrochemical companies in the past several days to help fight the rapidly spreading coronavirus in Iran has been to increase production of javel water and antiseptic solutions, managing director of Petrochemical Special Economic Zone Organization said.
“...