The world’s appetite for natural gas grew at the fastest pace since 2010 last year, but that blockbuster growth is shifting into lower gear, according to the International Energy Agency.
Global demand for natural gas surged by 4.6% in 2018, driven by strong economic growth, the transition away...
A fire broke that broke out at a petroleum storing facility in Shahid Rajaee port in southern Hormozgan Province on Wednesday has been extinguished.
The inferno set off huge explosions as the flammable oil products sent fireballs into the skies that could be seen from a far distance, IRNA...
Saudi Arabia’s top oil official said he was sure that OPEC+ will extend production cuts into the second half of the year after holding talks with Russia.
Ministers from the countries voiced similar concerns about the impact of a slowing global economy on oil prices and talked up the benefits of...
Preliminary data released by Japan’s Ministry of Finance show that the country’s crude oil imports from Iran dropped 42% month-on-month to 169,100 barrels per day in April.
The drop comes a month after its Iranian crude imports surged to 292,209 bpd. March’s surge came after the resumption of...
Russia’s average daily oil output in May fell below its OPEC+ target for the first time this year after buyers refused to take exports via Druzhba, the nation’s key pipeline to Europe, because of contamination.
The country produced just more than 47 million tons of crude oil and condensate in...
Top oil exporter Saudi Arabia has raised production in May, a Reuters survey found, but not by enough to compensate for lower Iranian exports which collapsed after the United States tightened the screw on Tehran.
The 14-member Organization of the Petroleum Exporting Countries pumped 30.17...
Russia will carefully consider extending its oil output reduction agreement with the Organization of the Petroleum Exporting Countries and other producers, Russian First Deputy Prime Minister Anton Siluanov told Reuters on Wednesday.
Moscow will weigh, in particular, the deal’s positive effect...
The oil market is expected to be in balance toward the end of 2019, as global inventories fall and demand remains strong, but OPEC’s job is not done yet, Kuwait’s oil minister told Reuters.
There are still uncertainties around oil demand growth due to concerns about the impact of the US/China...
Weeks after India stopped oil imports from Iran, the Modi government is keen to resume supply from the country and is looking at ways to make payments in Indian rupee to get around US sanctions, two government sources told ThePrint, India's digital platform for latest news and reports.
The Modi...
A global shortage of heavy crude will create hurdles for America’s key refining belts just as they ramp up gasoline production for the summer.
In the Gulf Coast, dwindling heavy oil supplies have suppressed refining margins, while Midwest refiners may not reach the high run rates seen last...