All aspects of the oil business have come under the growing influence of the Guards, from the "shadow fleet" of tankers that secretively ship sanctioned crude, to logistics and the front companies ...

Iraq and British oil giant BP are set to finalise a deal by early February to develop four oil fields in Kirkuk and curb gas ...

Tehran has shipped out nearly 3 million barrels to raise money that could be used to shore up its allied militias in the ...

It has been a cold, dark winter in Iran. As an energy crisis strikes, the Islamic Republic faces the most challenging time in ...

A colder winter has pushed global oil demand higher while new US sanctions on Russia and Iran could tighten supplies from those countries, the International Energy Agency said Wednesday.

A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf, Iran, July 25, 2005 (credit: RAHEB HOMAVANDI/REUTERS) "All of them are at ...

OPEC oil output fell in December after two months of increases, a Reuters survey found, as a drop from the United Arab ...

Iran’s light crude oil will be priced $1.35 higher than the benchmark price (Oman/Dubai crude) for the Asian market. The NIOC’s International Affairs Directorate disclosed the prices for various types ...

a former deputy special envoy for Iran at the U.S. State Department. "The IRGC guys were much, much better at smuggling, just terrible at oil field management, so they began to get a larger ...

a former deputy special envoy for Iran at the US State Department. “The IRGC guys were much, much better at smuggling, just terrible at oil field management, so they began to get a larger contro ...