Oil

Saudi, UAE leaders reject calls with Biden as US seeks help on oil price surge

Mar 09, 2022 05:24

The leaders of Saudi Arabia and the United Arab Emirates have reportedly declined calls with US President Joe Biden as Washington tries to ease surging oil prices amid Russia’s military operation in Ukraine.
US gas prices soar to 13-year high over Russia's Ukraine operation

Mar 07, 2022 05:26

US gasoline prices have reached a 13-year high as Western sanctions on Russia over its military operation in Ukraine continue to disrupt the global energy market.
US, European allies ‘discuss banning Russia oil imports’

Mar 07, 2022 05:19

The US says the country and its European allies are discussing banning Russian oil imports as a means of stepping up their punitive measures against Moscow over its ongoing military operation in Ukraine.
Iran’s Bank Tejarat wins contract for major fuel pipeline

Mar 07, 2022 02:14

Iran’s Bank Tejarat has committed to providing finances required for a major fuel pipeline project in the country’s south as part of a contract signed with the Iranian Oil Ministry.
Rising demand may cause Iran to resume gasoline imports: Report

Mar 06, 2022 03:02

Demand for gasoline in Iran is expected to reach record levels as a report warns that the country may be forced to resume imports more than a decade after it reached self-sufficiency in production of the fuel, shows a report.
Iran to reach maximum oil output 1-2 months after Vienna talks: Owji

Mar 04, 2022 06:16

Iranian Oil Minister Javad Owji says the country will return to its maximum oil output within one to two months from the conclusion of ongoing international talks that are meant to revive a 2015 nuclear deal known as the JCPOA.
Data confirms Iran’s oil export at above 1 mln bpd this year

Mar 02, 2022 02:22

Iran’s crude oil exports rose to above 1 million barrels per day (bpd) at the start of this year and continued to remain above that level over January and February, shows a new report citing data by tanker tracker services.
Revealed: Leading climate research publisher helps fuel oil and gas drilling

Feb 28, 2022 12:33

James Dyke, Assistant Director of the Global Systems Institute at the University of Exeter, South West England, said “It’s hard to believe that Elsevier, a Dutch company that publishes research about the dangers of the climate and ecological crises is the very same company that actively works with oil and gas companies to extract more fossil fuels, which drags us towards disaster.”
Nigerian minister upbeat Iranian supplies will boost markets

Feb 23, 2022 03:42

Nigerian’s Oil Minister Timipre Sylva says there is no need for a further increase in crude production by the OPEC+ alliance of oil exporting countries as he is upbeat that an international deal on Iran’s nuclear program can be revived soon allowing more supplies from the country into the global oil markets.
Biden issues more gas and oil drilling permits than Trump in his first year

Feb 20, 2022 14:27

In the Gulf of Mexico, still recovering from an estimated 134 million gallons of oil spilled by BP in 2010, the Biden administration has leased record-breaking off-shore drilling rights to 33 gas and oil companies including Exxon-Mobil, BP, Shell, and Chevron.