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 ...

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 ...

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 ...

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 ...

nalysts expect big energy companies to play a major role in deal-making during another solid year for oil and gas mergers and acquisitions. Oil majors and large independent drillers need ...

madaresharghi Kazakhstan Foreign Minister Gheirat Abdelrahamanov said on Friday that Syrian Peace Talks in Astana serve as a full-scale and unique foundation for all interested parties to establish stability in ...

madaresharghi European Union lawmakers and member states on Thursday agreed climate targets for 2030 in a move to meet the bloc’s obligations under the Paris Agreement, which seeks to avoid ...

madaresharghi Negotiations to develop two oilfields in the southern Khuzestan Province, namely Shadegan and Karanj, will be finalized by the end of the current fiscal that ends in March 2018, ...

madaresharghi An earthquake whose tremors were felt in Tehran and surrounding areas late on Wednesday drove up gasoline consumption as people rushed to open spaces and inside their cars for ...

madaresharghi OPEC and Russia will exit from oil production cuts very smoothly, possibly extending the curbs in some form so as not to create any new surplus in the market, ...