Hopes for a resumption oil flows have been buoyed by the Iraqi parliament’s approval last week of a budget amendment.

Forty-six years ago, in the winter of 1979, the people of Iran, through a fundamental overhaul of their political system, ...

If demand rises with greater strength than expected in 2025, the oil price rally could be even more significant.

The US Treasury Department has imposed sanctions against the IRGC's international network for smuggling Iranian oil to China.

The sanctions target entities and individuals in China, India and the United Arab Emirates, as well as several vessels.

Despite Nigeria's plans to increase crude production, it has seen a major decline in daily crude production in January 2025, ...

OPEC oil output fell in January for a second month, a Reuters survey found, as a drop in exports from Nigeria and Iran offset a rebound from the United Arab Emirates where field maintenance had curbed ...

The Organisation of the Petroleum Exporting Countries’ crude production dipped for a second consecutive month in January as a drop in exports from Nigeria and Iran affected crude outputs.

The Organization of the Petroleum Exporting Countries (OPEC) saw a decrease in oil output for the second consecutive month in January, according to a recent Reuters survey. A decline in exports from ...

Iran, a country with the world's second-largest proven natural gas reserves, is facing a growing energy crisis. Despite its immense resources, the country is grappling with frequent power outages and ...

Iran's foreign policy is driven by dignity, wisdom and interest, a government spokesperson said on Wednesday, in response to ...