Iran’s Deputy Industry Mining, and Trade Minister Darioush Esmaili said the mining sector accounted for 25 percent of the country’s non-oil revenues in the past Iranian calendar year (ended on ...

uwait said it has started cutting oil output ahead of May 1, the date when suppliers worldwide plan to start slashing production to counter a devastating glut. The fourth-biggest member ...

Crude prices in America’s oil capital are getting dangerously close to zero. Buyers bidding for crude in Texas, the birthplace of the shale revolution, are offering as little as $2 ...

Development operations of South Pars Gas Field’s Phase 11 will start in the near future, said the National Iranian Oil Company (NIOC) deputy director for development and engineering affairs. “The ...

Oil prices extended declines on Monday, dragged down by worries about lower demand in the world’s largest oil importer China following the coronavirus breakout. Brent and US West Texas Intermediate ...

Standard parallel salaf contracts worth 2.5 trillion rials ($20 million) will be offered on the Iran Energy Exchange on Tuesday to finance Azar Oilfield projects.  Securities mature in one year ...

Top oil exporter Saudi Arabia is expected to keep prices for the light crude grades it sells to Asia largely unchanged in October from the previous month to keep its ...

Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once US sanctions bite from November, but gains were limited by higher supply from OPEC ...

<img src="https://madaresharghi.com/wp-content/uploads/hj-300x168.jpg" alt="oil" width="300" height="168" class="size-medium wp-image-2810" The Trump administration forecasts that it will persuade countries to cut Iranian oil imports by as much as one million barrels a day ...

Iranian companies will build infrastructure to contain and collect associated gas from oilfields in its southern Khuzestan Province, an official at National Iranian Oil Company (NIOC) said. The NIOC will ...