Oil prices steadied Friday and were on track for strong weekly gains as support from a surprise draw in US inventories and possible action from OPEC and its allies to extend output cuts outweighed broader economic concerns.
Brent crude was down a marginal 2 cents at $61.65 but the benchmark was...
The first small-scale power plant with distributed generation system operated by the Khuzestan Regional Electric Company has joined the national electricity grid, the managing director said.
“Located in Gachsaran County, Kohgilouyeh-Boyerahmad Province, the plant cost $8 million and was built be...
China continued to import crude oil from the US, Iran and Venezuela in September, but Asia's biggest energy consumer kept shipments from the three producers minimal due to the tariff and sanctions barriers blocking easier access to those supplies, latest data from the General Administration of...
Renewable power capacity is forecast to increase by 50% between 2019 and 2024, the International Energy Agency said Monday.
According to its “Renewables 2019” market report, the increase will amount to 1,200 gigawatts and be driven by drops in cost and what the IEA described as “concerted...
US oil production is likely to peak in the next few years as current petroleum prices are capping the pace of expansion, Russian Energy Minister Alexander Novak said on Tuesday.
The brisk pace of US production, now the world’s largest, in the past few years has been a key factor behind the...
President Hassan Rouhani is to visit neighboring Azerbaijan to attend a summit of the Non-Aligned Movement due to be held later this week.
Heading a delegation, Rouhani will travel to the Azeri capital Baku in the coming days to participate in the 18th NAM Summit scheduled for Oct. 25-26, ISNA...
Oil fell on Monday as concerns about economic growth combined with signs of ample global supplies pressured prices, outweighing bullish signals from Europe, where fears of an economically damaging no-deal Brexit have eased.
Global benchmark Brent crude was down 57 cents at $58.85 a barrel. US...
Gas production at one of the platforms of the giant South Pars Gas Field off the Persian Gulf, which had been damaged, has been fully repaired, the operations manager of Pars Oil and Gas Company said.
SPD 9 from phases 6-8 caught fire in June due to gas leakage. Although the fire was contained...
A fire in a canal carrying waste from the Abadan Oil Refinery was doused without fatalities on Sunday.
The plant’s fire department contained the fire and prevented it from spreading to other units, IRNA reported.
According to the refinery’s public relation’s office, there were no casualties and...
Public opposition has forced the Norwegian government to scrap plans for large-scale onshore wind power development, Recharge News, the world’s leading provider of business intelligence for the renewable-energy industries, reported.
The outlet quoted a statement from the Norwegian Water...