Over half the electricity in central Yazd Province (53%) is consumed by the industrial sector, managing director of Yazd Electricity Distribution Company said.
Power consumption in the province early this month doubled compared to last month. “As we prepare for summer, a substantial part of the...
Whether it is the US sending military warnings to Iran or tensions in Venezuela, some oil traders have started to gear up for a possible price surge as political risks escalate.
Trading in relatively cheap option contracts that would profit from crude soaring to as much as $110 a barrel has...
Gas projects in western Kurdestan Province are awaiting funds and if the money is not available expansion of the gas network to rural areas will be suspended, the managing director of Kurdestan Province Gas Company said.
According to Iran Energy News Agency, funding for the sector does not come...
Russia halted oil flows along the Druzhba pipeline to Eastern Europe and Germany in April because of contaminated crude, contributing to a rise in global oil prices and leaving refiners in Europe scrambling to find supplies.
At least 5 million tons of oil, or about 36.7 million barrels, have...
Oil refiners across Asia are bidding up crude prices from Abu Dhabi to Oman as they compete for supplies to make up for lost Iranian and Venezuelan exports.
July-loading cargoes of grades such as Murban and Das were bid at premiums of $0.80 to $0.85 per barrel above the official selling price on...
OPEC is in the dark on the oil supply outlook for the second half of this year, with Iranian and Russian outages looking increasingly significant but Saudi Arabia reluctant to pump more due to fears of a price crash, sources in the organization said.
An oil contamination forced Russia to halt...
China Petrochemical Corp (Sinopec Group) and China National Petroleum Corp, the country’s top state-owned refiners, are skipping Iranian oil purchases for loading in May after Washington ended sanction waivers to turn up pressure on Tehran, three people with knowledge of the matter said.
The...
Oil prices rose on Friday despite the start of US President Donald Trump’s tariff hike on $200 billion of Chinese goods, stoking the trade dispute between the world’s two biggest economies.
China on Friday said it “deeply regrets” the US move, adding that it would take necessary countermeasures...
To help prevent disruption in power transmission in Maragheh County in East Azerbaijan Province, a mobile substation will be synchronized with the national grid in June, deputy for planning and development in the provincial electricity company said.
"The 132 kilovolt equipment cost $470,000 and...
Salehabad village in Omidiyeh in southwestern Khuzestan Province was evacuated Monday after a fire broke out at a oil pipeline near the village, the governor said.
The accident occurred when workers were repairing a section of the Ahvaz-Omidiyeh pipeline.
“The fire started when a wheel loader...