Despite new sanctions measures, targeting Iranian oil sales is a lose-lose proposition for the US

On April 21, the US House of Representatives passed the long-awaited aid package for Israel, Ukraine, and Taiwan. The legislation contained another long-sought-after measure: authority for the US ... Read More

OPEC+ unlikely to change output policy at April 3 meeting

LONDON: An OPEC+ ministerial panel is unlikely to recommend ... Russian Deputy Prime Minister Alexander Novak said on Friday Russia has decided to focus on reducing oil output rather than exports ... Read More

Iran's oil exports and tensions with the West

Iran, the third largest producer in the Organization of the Petroleum Exporting Countries (OPEC), produces about 3 million barrels of oil per day (bpd), or around 3% of total world output. Read More

U.S. crude oil hovers above $83 after Iran says it will not escalate conflict with Israel

Iranian Foreign Minister Hossein Amirabdollahian told NBC News the Islamic Republic does not plan to respond to Israel's retaliatory strike launched Friday. Read More

Libya's Surprise Oil Minister Change Throws Spotlight on Output

The dramatic replacement of Libya's oil chief may help drive deals and revive the OPEC ... Oil Minister Mohamed Oun was suspended this week as a government agency investigates alleged violations ... Read More

Iran News | Latest Headlines & Stories | Reuters

An Israeli attack on Iranian territory could radically change dynamics ... how many targets were hit, Iran's official news agency reported on Sunday. Iran's foreign minister on Friday said Tehran ... Read More

OPEC Oil Production Inched Higher in March

OPEC’s crude oil production edged up by 3,000 barrels per day (bpd) in March compared to February as Iran and Saudi Arabia slightly boosted output while Iraq continued to produce more than it is ... Read More

Iran discovers giant shale oil reserves in several regions

The director of exploration at the NIOC, Mehdi Fakour, announced that the company's specially designed model will enable the extraction of oil from these resources. Fakour stated that in the previous ... Read More

Former Venezuelan oil minister is arrested in connection with corruption probe, authorities say

Venezuela’s government says the country ... was arrested. The oil minister resigned a few days before senior officials in the government of President Nicolás Maduro and business leaders ... Read More

OPEC+ unlikely to change output policy at panel meeting

LONDON : An OPEC+ ministerial panel is unlikely to recommend ... Russian Deputy Prime Minister Alexander Novak said on Friday Russia has decided to focus on reducing oil output rather than exports ... Read More

Libya’s Surprise Oil Minister Change Throws Spotlight on Output

of Libya’s oil chief may help drive deals and revive the OPEC member’s ... firms to negotiate. Oil Minister Mohamed Oun was suspended this week as a government agency investigates alleged ... Read More

Libya’s Surprise Oil Minister Change Throws Spotlight on Output

(Bloomberg) -- The dramatic replacement of Libya’s oil chief may help drive deals and revive the OPEC ... to Go Oil Minister Mohamed Oun was suspended this week as a government agency ... Read More