Oil

Japan’s biggest exploration and production company. Inpex. will consider bidding in the tender to develop Iran’s Azadegan oil field.

Azerbaijan has been an important part of Statoil'.s international strategy over the past two decades.

Lukoil chief had announced that his company was considering the development of Iran’s Mansouri and Ab Teymour oil fields.

An extraordinary metal that is vital to the electric car boom is facing a critical shortage.

The Permian Basin of west Texas and New Mexico has seen the predominant boost in U.S. activity.

In the first four months of 2017. the four Asian countries imported 1.8 million bpd. a 40 percent rise from the same period last year.

Both Moscow and Riyadh said cooperation would continue beyond the current agreement.

Production at Sharara had dropped earlier this month due to technical problems.

Statoil stepped up exploration efforts this year. focusing on the Barents Sea.

Emirates National Oil Company has paid dues as part of its debts owed to Iran for pre-sanction oil and gas purchases.