Oil prices rebounded on Thursday as concerns over tightening oil supply gained ground over heightened demand fears caused by a rise in US crude stockpiles. International benchmark crude Brent traded at $92.48 per barrel at 9.50 a.m. local time (0650 GMT), a 0.65% gain from the closing price of $91.88 …

Iran is launching hundreds of new filling stations to supply compressed natural gas (CNG) to motorists amid efforts to control the rising consumption of gasoline in the country. The Iranian Oil Ministry on Monday awarded contracts to two subsidiary companies of the Defense Ministry for launching some 400 CNG stations …

Czechia has dramatically increased its reliance on Russian oil, with imports via the Druzhba pipeline reaching 65% this year, up from 56% in the previous year, Barbora Putzová, the spokesperson for the state-owned firm Mero, told the Czech News Agency. Even with the EU’s significant sanctions on Russia, Czechia recorded …

Trade at Russia’s three largest ports has been surging and is approaching prewar levels despite sweeping sanctions by the Group of Seven (G7) leading economies, according to a new report. “Activity in Russia’s ports is surprisingly high. For the first time since the outbreak of the Ukraine war, the volume …

Brent crude futures held above $90 a barrel on Tuesday, while investors awaited macroeconomic data that could indicate whether interest rates will rise further in the U.S. and Europe and the repercussions that would have for oil demand. November Brent crude futures rose 28 cents to $90.92 a barrel at …

Saudi Arabia’s oil giant Aramco has relaunched a tender for $1.8 billion worth of contracts for the expansion of the Zuluf offshore oilfield, having canceled deals previously awarded to U.S. firm McDermott, Upstream reported on Monday, quoting several sources with knowledge of the plans. Last month, Saudi Aramco called off …

Iraq’s government-owned oil marketing company, SOMO, announced that the average daily oil exports during the first week of September reached 2.5 million barrels. According to a table, SOMO reported that “the average daily export during the first week of September reached 2.504 million barrels at an average price of $89.203 …

Iran’s exports of oil to China hit a historic record in August despite Washington pressure on Tehran, according to a report published in the local media citing data from a major international energy data company. The Sunday report by Fars news agency said Iran’s oil exports to China had reached …

The number of oil rigs operating in the U.S. increased this week for the first time since June as crude prices soared, but drilling remains well below where it was at the beginning of the year. Some 513 drill rigs are operating in the U.S., up one from the previous …

When Iraq in April asked a US federal court to enforce an arbitration ruling against Turkey, seeking $1.4bn damages in relation to crude oil exports from its autonomous Kurdistan region, everyone was caught off guard in Ankara. Iraq had not notified Turkish officials, let alone tried to have a conversation …