OPEC said that international trade tensions are hurting demand for oil, slashing its estimates for consumption earlier in the year and predicting further challenges ahead.
The organization, due to meet in the coming weeks to set production levels for the second half, said demand increased by...
The outlook for oil demand growth in 2019 has dimmed due to worsening prospects for world trade, the International Energy Agency said Friday, although stimulus packages and developing countries should boost growth going into 2020.
The Paris-based IEA, which coordinates the energy policies of...
President Donald Trump’s threat to sanction Russia’s controversial new natural gas pipeline into Europe is an indication that competition to supply the fuel is heating up.
Blocking the Nord Stream 2 link under the Baltic Sea would be a blow to Russia, keeping it dependent on Ukraine as a gas...
The Sarir Oilfield in Libya’s Sirte basin has seen its oil production drop by 30,000 bpd since June 9 when a fire broke out in a power generator due to high temperature, Libya’s National Oil Corporation (NOC) said.
The Sarir field, operated by NOC’s subsidiary Arabian Gulf Oil Company (AGOCO),...
The first electrodialysis (ED) system to improve the quality of drinking water was launched in Shahid Beheshti Village of Shush County in southwestern Khuzestan Province. The vice-president for science and technology attended.
“The system is advanced and has better quality output compared to...
Global carbon emissions jumped the most in seven years in 2018 as energy demand surged, according to BP’s annual review of world energy, indicating the world is falling behind in its efforts to rein in climate change.
The report, one of the most closely watched surveys of global energy trends,...
China’s crude oil imports dropped in May from a monthly record in April, as Chinese refiners drastically reduced Iranian oil imports after the end of the US waivers and as some state refineries were offline for planned maintenance.
According to data from China’s General Administration of Customs...
Oil Minister Bijan Namdar Zanganeh said the government has exempted households and industrial gas subscribers in flood-hit areas from paying gas bills for 47 days.
"Households and industrial gas consumers in flood-stricken towns and villages in Golestan, Mazandaran, Lorestan and Khuzestan...
Oil prices were steady on Monday as US-China trade tensions continued to threaten demand for oil, but tight crude supply and the swift end to a trade dispute between Mexico and the United States offered support.
Front-month Brent crude futures were at $63.42, 13 cents, or 0.21%, above Friday’s...
After half a decade of lower spending on new projects, oil production growth was supposed to slow to a trickle just as demand was supercharged by a once-in-a-generation shake up in the shipping fuel market. Many market commentators predicted that if $100 a barrel oil was going to make a comeback...