Iran’s average production of gasoline has amounted to some 105 million litters a day since the beginning of Iranian calendar month of Bahman (Jan 21), according to a report on Monday by the official w

Oil prices rose more than 2 percent on Tuesday after the United States imposed sanctions on state-owned Venezuelan oil company PDVSA, a move likely to curb the OPEC member’s crude exports and temper

Oil gave up the day's gains heading into the settlement on Wednesday, after earlier drawing support from a drop in U.S. crude inventories and a cut in Libyan exports.

(Bloomberg) -- Qatar Petroleum is buying stakes in three offshore oil blocks in Mexico from Eni SpA, as the Arab country signs another global expansion deal after leaving OPEC.

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading lower early Friday, erasing some of yesterday’s more than 2-percent gains. The catalyst behind today’s sell

Key industries such as oil and gas and higher education will be “challenged” by immigration issues arising from Brexit, according to an Aberdeen academic.

To avoid exposure to the United States’ (US) secondary sanctions on Iran, scheduled to be slapped on 4 November this year, the country’s oil companies have halted import...

Iran non-oil exports to Indonesia experienced 42% growth during the first 6 months of the current Iranian calendar year (started on March 21), Iran commercial attaché to Indonesia said.