Iran's largest integrated three-phase transformer in Babol City, Mazandaran Province, has become operational, managing director of Mazandaran and Golestan Regional Electric Company said.
“The transformer will help solve the problem of voltage drop in large areas of Mazandaran, including Babol,...
The White House believes the Organization of Petroleum Exporting Countries has room to raise oil production, should an upcoming visit by President Joe Biden to the Middle East yield any agreements.
“We do believe there is a capacity for further steps that could be taken,” National Security...
Oil prices fell on Monday in volatile trade, reversing some gains from the previous session, as markets braced for new mass Covid testing in China potentially hitting demand, a worry that outweighed ongoing concerns about tight supply.
Brent crude futures fell $1.02, or 1%, to $106.00, after...
Oil prices rose as much as nearly 3% on Wednesday before paring some gains as investors piled back into the market after a heavy rout in the previous session, with supply concerns returning to the fore even as worries about a global recession linger.
Brent crude futures rose as much as $3.08, or...
The daily amount of sweet gas transmission in Iran will surpass 880 million cubic meters later this year, the managing director of Iranian Gas Transmission Company said.
“Last year, the sweet gas transfer record, set in January, was 852 million cubic meters per day. The figure is expected to...
Oil prices reversed losses and edged up on Monday, as concerns of tight supply amid lower OPEC output, unrest in Libya and sanctions on Russia outweighed fears of a global recession.
Brent crude futures for September rose 55 cents, or 0.5%, to $112.18 a barrel, after falling over $1 in early...
Iran’s peak load record was broken on Saturday, according to Iran Grid Management Company.
The country's electricity consumption reached 67,318 megawatts on July 2, while the highest amount of consumption last year, 67,012 MW, was set in August when the temperature was higher.
Saturday’s...
Oil prices eased on Friday as lingering fears of a recession demand weighed on sentiment, putting the benchmarks on track for their third straight weekly losses.
Brent crude futures were down 20 cents, or 0.2%, at $108.83 a barrel, giving up earlier gains of over $1, Reuters reported.
WTI crude...
Oil prices eased on Friday as lingering fears of a recession demand weighed on sentiment, putting the benchmarks on track for their third straight weekly losses.
Brent crude futures were down 20 cents, or 0.2%, at $108.83 a barrel, giving up earlier gains of over $1, Reuters reported.
WTI crude...
The OPEC+ alliance of oil producers is running out of capacity to pump more crude, including its biggest member Saudi Arabia, according to Nigeria’s petroleum minister.
“Some people believe the prices to be a little bit on the high side and expect us to pump a little bit more but at this moment...