The United States will continue its efforts to decrease Iran’s sales of crude oil, the Treasury Department said on Tuesday following the announcement of the unilateral US withdrawal from the ...

State-owned National Iranian Oil Company raised the official selling prices for all its crude oil grades loading in June from Kharg Island and bound for Asia, a company source said ...

Although the oil market is now in better shape than it was in 2016, there are concerns about the tight spare oil production capacity, Saudi Arabia’s Energy Minister Khalid al-Falih ...

Iraq’s state-run North Oil Company signed an agreement with BP on Monday to triple output from the Kirkuk fields in the north of the country, Oil Minister Jabar al-Luaibi said. ...

State energy giant Qatar Petroleum will push ahead with its production expansion and foreign asset acquisition strategy to be on par with oil majors, despite a regional political and economic ...

Qatar could not have broken sanctions imposed by Saudi Arabia, UAE, Bahrain and Egypt without Iranian help, said the Speaker of the Advisory Council Ahmed bin Abdullah bin Zaid al-Mahmoud. ...

A senior Iraqi official says his country could start “in one to two weeks” sending crude by truck from Kirkuk to Iran’s Kermanshah refinery. The swap deal was agreed at ...

Oil prices have rebounded nearly 60% since June, with Brent crude rising to three-year highs of above $71 a barrel, prior to a pullback last week that wiped out its ...

Kuwait’s Emir Sheikh Sabah al-Ahmad al-Jaber al-Sabah underlined the great importance of Iran’s role in the fight against the Daesh terrorist group and contribution to the development of Iraq’s economy ...

Saudi Arabia – the world’s biggest exporter of crude oil – says it will reduce production in March in a move which is expected to help ease market volatility in ...