Electricity projects were launched in North Khorasan Province on Tuesday. The projects include construction of 60 km of electricity distribution network, installation of 99 substations, as well as repair and maintenance of 50 km of distribution network and 10 substations, managing director of...
Oil slipped to around $64 a barrel on Monday as rising supply from OPEC+ and higher Iranian output countered signs of a strong economic rebound in the United States and hopes for a wider demand recovery in 2021.
The Organization of the Petroleum Exporting Countries and allies, known as OPEC+,...
Dwindling snow reserves in east Tehran Province are causing renewed concern, managing director of Tehran Province Water and Wastewater Company said.
“When snow reserves decline, inflow of water into dams also falls. At this time of the year, we have always had 6 to 6.5 meters of snow on the...
The Organization of the Petroleum Exporting Countries and allied producers have agreed to gradually increase their output over the next three months. The move follows a sharp increase in oil prices, and a call from the United States to keep energy affordable.
OPEC+ alliance of crude producers...
Oil slipped for a fourth day on Wednesday as concerns about weaker demand in Europe outweighed an industry report that showed US crude stockpiles unexpectedly fell last week.
Several European countries have paused the use of AstraZeneca’s Covid-19 vaccine due to worries over possible side...
Oil prices rose on Monday, with Brent heading toward $70 a barrel, as data showed China’s economic recovery accelerated at the start of 2021, boosting the energy demand outlook at the world’s largest oil importer.
Brent crude futures for May gained 47 cents, or 0.7%, to $69.69 a barrel while US...
Brent crude prices eased on Friday but hovered near $70 a barrel as production cuts by major oil producers constrained supply, with optimism about a recovery in demand for the resource in the second half of the year also lending support.
Brent crude futures for May slipped 33 cents, or 0.5%, to...
Oil prices slipped on Monday after earlier climbing above $70 a barrel for the first time since the Covid-19 pandemic began after attacks on Saudi Arabian oil facilities.
Yemen’s Houthi forces fired drones and missiles at the heart of the Saudi oil industry on Sunday, including a Saudi Aramco...
Oil prices jumped more than $1 a barrel on Friday, hitting their highest levels in nearly 14 months, after OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery in demand amid the coronavirus pandemic.
Brent crude futures for May rose to as high as...
Turkey’s natural gas import from Iran declined by 31% in 2020 compared to a year ago. According to Barq News, the latest report issued by Ankara-based Energy Market Regulatory Authority (EMRA) indicates that the National Iranian Gas Company’s export to the neighbor dropped to 5.3 billion cubic...