Oil prices rose to three-week highs on Tuesday as China's latest easing of Covid-19 restrictions spurred fuel demand hopes, while concerns that winter storms across the United States are affecting energy production continued to support prices.
Brent crude was up 52 cents, or 0.6%, at $84.44 a...
The 18th International Water and Wastewater Exhibition, also known as Watex, has been scheduled to open at Tehran’s International Fairground on Dec. 30.
The annual exhibition, which will run until Jan. 2, 2023, will host 157 domestic and foreign companies from several countries, including Italy...
Oil prices were little changed on Wednesday, as a larger-than-expected draw in US crude stocks offset worries about rising Covid-19 cases in top oil importer China.
Brent crude futures rose 8 cents, or 0.1%, to $80.07 per barrel, while US West Texas Intermediate crude futures fell 1 cent to $76....
Oil rose on Monday as the prospect of demand recovery, led by China's loosening of Covid-19 curbs and the United States' decision to buy back oil for its state reserves, overcame global recession fears.
Brent crude futures rose 72 cents, or 0.9%, to $79.76 a barrel while US West Texas...
Oil futures edged slightly higher on Wednesday on hopes for improved Chinese demand while uncertainty about how a Western cap on Russian oil prices would play out kept markets on edge after a sharp fall in the previous session.
Brent crude futures gained 13 cents, or 0.16%, to $79.48 a barrel,...
Oil rebounded on Tuesday after plunging by more than 3% in the previous session, as the implementation of sanctions on Russian seaborne crude oil eased concerns about oversupply while the relaxing of China's Covid curbs bolstered the demand outlook.
Brent crude futures had gained 85 cents to $83...
OPEC+ agreed to stick to its oil output targets at a meeting on Sunday, as oil markets struggle to assess the impact of a slowing Chinese economy on demand and a G7 price cap on Russian oil supply.
The decision comes two days after the Group of Seven nations agreed to a price cap on Russian oil...
Iraq has settled all payments related to purchases from the National Iranian Gas Company, the Iranian oil minister said.
“Last year, we received about €1 billion [$1.05 billion] and this year €1.6 billion [$1.685 billion] from Iraq regarding its gas debts to Iran,” Javad Owji was also quoted as...
OPEC and non-OPEC oil producers could impose deeper oil output cuts on Sunday, energy analysts said, as the influential energy alliance weighs the impact of a pending ban on Russia’s crude exports and a possible price cap on Russian oil.
OPEC+, a group of 23 oil-producing nations led by Saudi...
The OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change, a source with direct knowledge of the matter said on Wednesday.
A virtual meeting also puts the focus on the pending European Union deal on a price cap on Russian oil ahead of a Dec. 5 deadline...