Work for pouring concrete at the site of the second unit of Bushehr Nuclear Power Plant in south Iran started on Sunday.
Construction of the first unit of the plant in Bushehr was carried out by Russia. It came on stream in 2011 and reached full capacity (1,000 MW) the following year.
The...
A handful of protesters on the ground floor of the cavernous Cape Town International Convention Centre spread fake oil on the ground and chanted, demanding an end to fossil fuels.
Two floors above, the hundreds of delegates at Africa Oil Week were largely unaware – and mostly unmoved – by the...
Crude oil futures fell on Friday amid lingering uncertainty on whether, and when, the United States and China will agree a long-awaited deal to end their bitter trade dispute, the gloom compounded by rising crude inventories in the United States.
Brent crude was down 44 cents, or 0.7%, at $61.85...
Oil prices inched up slightly on Monday after rising expectations of a US-China trade deal boosted benchmarks in the previous session.
Brent crude futures for January rose 15 cents to $61.84 a barrel, erasing earlier losses. December US crude futures also swung back into positive territory,...
Oil Minister Bijan Namdar Zanganeh was quoted as saying Monday that he expects further production cuts to be announced at the next meeting of the Organization of the Petroleum Exporting Countries in December.
“We expect the decline in oil production to increase further. This means we will see a...
Big oil companies need to cut oil production by 35% by 2040 in order to preserve shareholder value in a changing world, Carbon Tracker, a London-based think tank researching the impact of climate change on financial markets, has warned.
The changing world involves sticking to the Paris Agreement...
Russia lowered its oil output to 11.23 million barrels per day last month from 11.25 million bpd in September, missing again its obligations under a global pact to curb production, energy ministry data showed on Saturday.
The Organization of the Petroleum Exporting Countries, Russia and other...
Oil slipped toward $61 a barrel on Monday, falling for a second day, pressured by expectations for a rise in US crude inventories and fading optimism over a US-China trade deal.
US crude inventories are expected to have risen by around 700,000 barrels last week, CNBC reported.
Brent crude was...
Global markets are “awash” in crude thanks to the surge in US oil output, and the boom looks set to continue, US Energy Secretary Rick Perry said in a Bloomberg TV interview.
US shale production has turned the world “on its head,” and Goldman Sachs Group Inc. is “off a bit” in a report last week...
Denmark on Friday approved the permit for construction in Danish waters of the planned 10 billion cubic meters per year Baltic Pipe, which is designed to bring Norwegian gas via Denmark to Poland.
The Danish Energy Agency said in a statement that a total of 242km of the pipeline would pass...