A global glut of natural gas could result in a sharp drop in prices, the Russian Oil Minister, Alexander...

Eni will drill two new exploratory wells in Cyprus’ territorial waters, the company’s CEO, Claudio Descalzi, said, AP reports....

Russia and Saudi Arabia have agreed to a basic framework for extending the production-cut agreement, Bloomberg reports. Both countries...

Algeria’s energy revenues this year continue to outpace last year’s revenues and are up 17% through October, according to...

Iraq’s crude exports from its Basra ports are up approximately 150,000 barrels per day (b/d) in November, Reuters reports....

Iraq is considering building a natural gas pipeline to Kuwait and an associated petrochemical plant, Reuters reports. The Iraqi...

Saudi Arabia is pushing for an extension of the OPEC-led production-cut agreement by an additional nine months until the...

Enel is negotiating new natural gas contracts with Algeria to replace current contracts set to expire soon, Reuters reports....

Petrojet signed a memorandum of understanding (MoU) with National Petroleum Construction Company (NPCC) to enhance oil and gas project...

In a bid to retain its market position, Iran is lowering its crude oil prices vis-à-vis Saudi Arabia, Reuters...