Oil prices climbed more than $1 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to cut output and support prices at a meeting later in the day.
Brent crude futures rose $1.88, or 2%, to $94.90 a barrel after gaining 0.7% on Friday. US West Texas...
Nuclear power will be key for Japan’s energy security as the country targets carbon neutrality, said Japan’s Minister of Economy, Trade and Industry Yasutoshi Nishimura.
“I believe that nuclear power is important, as we work toward carbon neutrality while ensuring energy security. We are in the...
With the completion of the reconstruction and overhaul project of Tank No. 4 of the Bahregan region in Bushehr Province, the Iranian crude oil storage capacity in the Persian Gulf has increased by 500,000 barrels, managing director of the Iranian Offshore Oil Company said.
“The storage capacity...
Oil prices climbed on Friday on bets that OPEC+ will discuss output cuts at a meeting on Sept. 5, though fears of China's Covid-19 curbs and weak global growth continued to limit gains and a potential cap on the price of Russian exports loomed.
Brent crude futures rose $1.23, or 1.3%, to $93.59...
Oil prices rose 1% on Monday, as expectations that OPEC would cut output if needed to support prices, coupled with conflict in Libya and rising demand amid soaring natural gas prices in Europe, helped offset a dire outlook for US growth.
US West Texas Intermediate crude futures were up 45 cents...
Executive operations for the development of North and South Yaran fields in Khuzestan Province were launched on Friday with an investment of $400 million.
The National Iranian Oil Company has signed a contract with Persia Oil and Gas Industry Development Company to develop Yaran Oilfield and...
Oil prices rose as much as $1 on Friday on signs of improving fuel demand, although further gains were capped as the market awaited clues from the US Federal Reserve Chairman Jerome Powell on the outlook for rate hikes in a speech later in the day.
Brent crude futures climbed 99 cents, or 1%, to...
Oil prices fell on Wednesday, taking a breather from a near 4% surge on the previous day, on receding fears of an imminent output cut by the Organization of Petroleum Exporting Countries and allies, a group known as OPEC+.
Global benchmark Brent crude futures fell 40 cents, or 0.4%, to $99.82 a...
Oil prices slipped on Friday after two days of gains, as market participants weighed worries about a global economic slowdown, which would dampen fuel demand, against expectations of tighter supplies toward the yearend.
Brent crude futures fell 68 cents, or 0.7%, to $95.91 a barrel after...
A last-ditch attempt by Europe to revive the Iranian nuclear deal has stoked speculation that millions of barrels of oil are set to flood world markets.
The return could be swift if Tehran’s previous comeback is any guide, Bloomberg reported.
Should an agreement materialize, Iran could ramp up...