Oil

Iran has stepped up efforts in recent years to enhance its non-oil exports and reduce dependency on its oil revenues.

Three factors could pose major threats to the anticipated upsurge in global oil prices in 2017.

NIOC has widened the scope of exploration activities in the Persian Gulf.

The OPEC 171st session aiming at reviewing the oil freeze plan was held in Vienna on November 30.

Kuwait chairs the five-member committee which also includes Algeria. Venezuela. Russia and Oman.

The world’s largest oilfield service provider sees international spending picking up in the second half of the year and into 2018.

Shell and Total have signed agreements to invest in gas resources offshore Iran.

Higher crude oil and gasoline stocks in the United States weighed on prices on Friday.

Asia is becoming the world'.s biggest oil consuming region.

The two largest economies need to sort out their differences for the wellbeing of the global community.