The National Iranian Oil Company (NIOC) was established in 1948 and is owned by the government of Iran. It is a member of OPEC. Headquartered in Tehran, Iran, NIOC was first called the Anglo Persian ...

The world’s humanitarian landscape is undergoing a transformation, with traditional donors like the United States and some ...

Saudi Arabia is set to significantly reduce its crude oil prices for Asian buyers in May, driven by falling regional ...

Kuwait has approved a new financing and liquidity law, enabling it to borrow up to $97.3 billion to fund projects aimed at ...

The latest OPEC figures show that Iran's oil production rose to 3 million and 308 thousand barrels per day in February. In February, the same month US President Donald Trump announced the activation ...

The Trump administration is pushing to control all major future infrastructure and mineral investments in Ukraine. Read more details here.

Aramco is specifically targeting BPCL's refinery in Andhra Pradesh and ONGC's refinery in Gujarat, said a Reuters report.

Crude oil prices have risen amid threats by President Donald Trump to sanction countries patronising Venezuela's oil. Dangote ...

The price of OPEC’s basket of twelve crudes stood at $75,96 a barrel on Tuesday, reflecting a gradual increase. The latest price for its crude oil grades posted by the OPEC Secretariat on Wednesday ...

EIA's delayed surplus forecast and uncertain oil market fundamentals point to potential price rally. Click to read why oil ...

As the US and Russia meet in the Saudi capital, Riyadh, to discuss a ceasefire in Ukraine, the talks potentially mark the end ...

Russia's central bank has warned the Kremlin's policy makers the United States and OPEC have the capacity to flood the oil ...