Investors sense that OPEC and other oil producers may be cooking up a deal to cut output in a bid to raise prices.     Read Article  +

FGE is delighted to announce that Iran's Minister of Economy and Finance Dr. Taiebnia and FGE Chairman Dr. Fesharaki will jointly address major Japan Industry gathering of over 100 top industry players in Tokyo at IEEJ Headquarters on Feb 3, 2016 ...  +

Glencore Plc is said to be storing oil on ships off the coast of Singapore and Malaysia as a market structure known as contango allows traders to benefit from holding on to supplies for sale later.     Read Article  +

After years of delays, cost overruns and labor unrest, Chevron Corp.’s Gorgon project, one of the world’s most expensive liquefied natural gas ventures, faces another challenge: the weakest energy prices in more than a decade.     Read Article  +

Stock markets across Asia were trading weak for the day with shares falling to their lowest levels since late 2011. This was on the back of another sell-off on Wall Street on Friday (15 January) and oil prices declining to sub-$30 a barrel in Asia...  +

The oil industry is braced for an increase in Iranian production after western powerslifted many of the sanctions linked to its nuclear programme, paving the way for Tehran’s full return to the international market.The oil industry is braced for I...  +

This week on Resource PNG, well known international oil and gas expert Dr. Fereidun Fesharaki discusses issues related to the dramatic fall in crude oil and natural gas prices with renowned consultant Brian Gomez. During a recent visit to PNG, Dr...  +

The expansion of gas production at South Pars, Iran’s largest and most important gas field, continued apace with the commissioning of two new phases in December. Output is set to carry on rising in 2016 as new phases are added and production from ...  +

The future of the country's sole oil refinery could be secured through a joint venture of by branching into cleaner fuels, a leading analyst has claimed.     Read Article  +

Amidst some confusion in the media reports earlier, it appears that OPEC has decided to leave its output policy unchanged, with no change to official ceiling. In fact, OPEC's communique makes no mention of any output ceiling or level at all; it a...  +