madaresharghi The US House of Representatives on Wednesday endorsed new sanctions against Hezbollah over the resistance group’s alleged “acts of death and destruction.” The new sanctions have not yet become ...

OPEC member Iraq has formed a joint venture with a shipping company owned by Arab states to transfer, store and trade crude and oil products, according to official documents and ...

When OPEC and Russia first embarked on clearing a global oil glut, it was expected to succeed within six months. It now looks like the battle could last for years. ...

South Korea's crude oil imports from Iran rose 27 percent in July from a year ago, driven by Seoul's strong appetite for competitively priced Iranian light oil as Tehran looks ...

Iranian Deputy Oil Minister for International Affairs and Trading Amir-Hossein Zamaninia has said that the deal with Total breaks the ice of foreign investment in Iran’s economy. In early July, ...

OPEC has delivered record-high adherence to its oil output-cutting pact so far in 2017, but with laggards Iraq and the UAE yet to show how they can meet their prescribed ...