Brent Crude Near $60
madaresharghi Oil prices steadied on Friday, with benchmark Brent crude trading just below $60 a barrel, buoyed by comments from Saudi Arabia’s crown prince backing the extension of OPEC-led output ...
Total Profit Jumps 29% on Strong Output, Cost Savings
madaresharghi French oil and gas major Total reported a 29% jump in third-quarter net profit as project ramp-ups and new investments lifted production, joining a list of energy companies benefiting ...
NPC Targets 55m Tons of New Petrochemical Capacity
madaresharghi Iran is pressing ahead with the construction of a string of new petrochemical ventures to become a leading player in the regional petrochemical market and make more profit of ...
Iraq Begins Pumping Kirkuk Oil
madaresharghi Iraq will begin pumping oil from Kirkuk once again, just a week after clashes between Iraqi and Kurdish forces forced production in certain parts of the No. 2 OPEC ...
Essar Cuts Iran Oil Imports
madaresharghi Indian private refiner Essar Oil's imports from Iran fell by about 26.4% in September from a year ago, as it boosted purchases from Iraq, according to tanker arrival data ...
Iran Anticipates $20b in Energy Deals in 12 Months
madaresharghi Tehran is confident about raising more than $20 billion from international companies for its oil and natural gas projects in 12 months, despite facing the shadow of new US ...
Austrian Firms Hold Oil Recovery Conference in Tehran
madaresharghi Three Austrian companies introduced their cutting-edge enhanced oil recovery methods in a conference in Tehran on Wednesday. According to Shana, Pars Marine Industries Company organized the First Austrian Technology ...
Deadly Blaze at Tehran Refinery
madaresharghi At least six people were killed and two injured in a blaze at Tehran Oil Refinery on Friday, media reports said. A local official told IRNA that the fire ...
Brazil to Auction Deepwater Fields
madaresharghi Top global oil companies will compete on Friday in Brazil’s billion-dollar auction for some of the world’s most prolific deepwater oilfields, a test of their appetite for capital-intensive offshore ...
Aramco CEO: EVs Decades Away From Mass Adoption
madaresharghi Saudi Aramco CEO Amin Nasser, who runs the world's largest oil company, is taking the rise of electric vehicles in his stride. Growing adoption of electric vehicles stands to ...