oil

Iran, Kazakhstan agree to revive oil swap deal

Iran has agreed to resume an oil swap deal with Kazakhstan some 10 years after the deal stalled due to technical and political problems.

Energy

Belarusian delegation seeking oil cooperation with Iran

Iran is in discussions for supplying raw material, equipment and technology needed in the petroleum sector in Belarus amid growing economic ties between the two countries.

Energy

Oil plunges to 8-month low on strong dollar, recession fears

Oil prices plunged about 5 per cent to an eight-month low on Friday as the US dollar hit its strongest level in more than two decades and on fears rising interest rates will tip major economies into recession, cutting demand for oil.

Energy

Iran to own refineries abroad

Iran has signed two contracts to build oil refineries for itself in foreign countries, a Member of Parliament said.

Energy

Global oil prices slide to seven-month low

Oil prices fell more than $1 on Wednesday to their lowest since before Russia invaded Ukraine, as Covid-19 curbs in top crude importer China and expectations of more interest rate hikes spurred worries of a global economic recession and lower fuel demand.

Energy

OPEC chief says Iran, Venezuela oil could ease global energy crisis

OPEC Secretary General Mohammad Barkindo says a global oil supply shortage can be eased if American sanctions on Iran and Venezuela are removed and the two countries can export more oil.

Energy

Iran agrees to jointly develop Hengam oilfield with Oman

Minister of Petroleum Javad Owji says Iran agreed to form a committee with Oman to jointly develop the Hengam oilfield, which straddles their sea border.

Energy

Oil prices slide amid hopes for Iran deal

Oil prices ended mixed on Friday to notch a weekly fall, amid growing hopes for restoring the Iran nuclear deal.

Energy

IEA sees ’more comfortable’ year for oil market in 2022

The Omicron coronavirus variant will slow the recovery in global demand for oil but the market will be "more comfortable" in 2022, the International Energy Agency said on Tuesday.

Energy

Lifting Iran sanctions to ease global energy crisis: Minister

Iranian Oil Minister Javad Owji says removing sanctions from Iran’s hydrocarbon sector would be key to resolving a global energy crisis that has affected supplies in many Western countries.

Energy