Oil Minister Bijan Namdar Zanganeh on Tuesday made a rather positive review of the government's projected oil revenues in the proposed budget for the next fiscal that begins in March.
As per the March 2019-20 budget bill, a barrel of crude oil is expected to fetch $54 in the international...
Oil hit a two-month high above $63 a barrel on Monday as OPEC-led supply cuts and US sanctions against Venezuela’s petroleum industry offset forecasts of weaker demand and an economic slowdown.
The Organization of the Petroleum Exporting Countries and its allies began a new round of supply cuts...
Japan's largest refiner JXTG Nippon Oil & Energy is set to resume loading of Iranian crude oil as early as Monday, almost three months after the US sanctions waiver was granted.
S&P Global Platts trade flow software cFlow showed that the VLCC Eneos Breeze is scheduled to arrive at Iran's...