India’s imports of crude oil have stalled in recent months, but the malaise in the country’s energy sector is deeper, with both coal and liquefied natural gas (LNG) also soft.
India, Asia’s second-biggest crude importer behind China, brought in 3.99 million barrels per day in July, according to...
Oil, gas and petrochemical projects, valued at more than $859 billion, are either underway or planned in the Middle East and North Africa, MENA, of which $283 billion are being implemented, as the region gets ready to meet the forecast increases in demand for energy over the next two decades....
Oil prices fell on Monday amid worries about an economic slowdown and the US-China trade war, which have led to a cut in the outlook for global oil demand.
International benchmark Brent crude futures were at $58.16 a barrel, down 37 cents from their previous settlement, Reuters reported.
WTI...
Two Turkish drill ships are continuing operations in the eastern Mediterranean and another ship will join them this month, Energy Minister Fatih Donmez said, as a dispute over natural resources there fuels tensions between Turkey and Cyprus.
EU members Cyprus and Turkey have argued for years...
The International Energy Agency cut its global oil demand growth forecasts for this year and next on Friday, citing fears of an economic downturn as the US-China trade war casts a shadow over markets.
The energy agency now expects oil demand growth to reach 1.1 million barrels per day in 2019...
Iraq is close to reaching a deal with oil majors BP and Eni for an export pipeline project that was initially planned as part of a mega-deal with US energy giant ExxonMobil, according to five senior Iraqi oil officials involved in the negotiations.
Under the proposed $400 million agreement,...
An estimated 21 million people live in rural areas in Iran and less than 100,000 do not have access to electricity.
The issue is being addressed by the government, the operator for rural electricity expansion in the government-affiliated Power Generation, Distribution and Transmission Company (...
Despite the fact that electricity consumption growth shot up by 2.5% in 2018 compared to the year earlier, it fell by 2.6% in comparison with the average of the last ten years.
According to Tehran-based Persia-language newspaper Donya-e-Eqtesad, a sister publication of Financial Tribune,...
Brent crude rose on Tuesday, after earlier falling to its lowest since January, as traders betting on falling prices bought back contracts to lock in profits from recent declines caused by the escalating trade dispute between the US and China.
Brent prices have plunged 7.6% since their close on...
A water treatment plant with a capacity of 1,200 cubic meters opened in underdeveloped Sarfaryab District in Charam County, Kohkilouyeh-Boyer-Ahmad Province, managing director of the provincial regional water company said.
“Sixty billion rials [$500,000] was invested in the project that will...