madaresharghi With oil prices trading near their highest level in two years, some traders are betting that the price rise could have more room to run. A total of 48,000 ...

madaresharghi Lebanon’s Energy Minister Cesar Abi Khalil on Friday called on companies bidding in its first round of licensing to explore for oil and gas in its Mediterranean waters to ...

madaresharghi Crude was down slightly on Friday as expectations that OPEC and other producers will extend their production cut agreement were offset by US drillers adding the most oil rigs ...

madaresharghi Bahraini authorities had brought under control a fire at an oil pipeline caused by an explosion, the civil defense said in a statement on Saturday. State-run Bahrain Petroleum Company, ...

madaresharghi Venezuela is set to pump the least oil in almost three decades, just when it needs petrodollars the most. Output is expected to slump to 1.84 million barrels a ...

madaresharghi In line with policies to develop petrochemical plants, talks are underway with France’s Axens to provide Nouri Petrochemical Company in southern Bushehr Province with technical expertise to build a ...

madaresharghi Tehran and Ashgabat are in talks on swapping Turkmenistan's hydrocarbons through Iran, despite being embroiled in a gas row that has lingered since last year. Hamidreza Araqi, the head ...

madaresharghi Iran aims to shut 3,000 megawatts from decrepit power plants amid a push toward efficient fossil power stations and a flurry of investments in renewable resources, the head of ...

madaresharghi Iraqi forces launched an offensive on Saturday to liberate Rawa, the last remaining town under Daesh control, leaving the group’s self-proclaimed caliphate on the verge of complete defeat. The ...

madaresharghi The Saudi-led coalition is still blocking desperately-needed UN aid deliveries to Yemen despite the reopening of the port of Aden and of a land border crossing, a UN spokesman ...