Oil surges past $110 as US-Israel strikes on Iran trigger supply shock
The crude oil market has been thrust into turmoil over the past 10 days, with prices climbing at a pace rarely seen outside of full-blown supply crises.
Iran
The latest Iran news, analysis and data from India and across Asia, reported by Energy Asia.
More Iran news
Afghanistan to sell defaulters property to pay power bills
De Afghanistan Breshna Sherkat (DABS), the country's electricity utility, has decided to sell the estate of its debtors so that they pay nearly $62 million bills…
India seeks reasonable price from oil producers
India has asked crude oil producers, including OPEC, to price oil at reasonable rates and to provide better commercial terms like enhanced credit period
Crude Oil increases towards $72 on demand prospects
Oil rose towards $72 a barrel on Friday, trading close to a two-year high as OPEC+ supply discipline and recovering demand countered concerns about patchy COVID-19…
Indian refiners set to make room for Iranian oil
Indian refiners, anticipating a lifting of US sanctions, plan to make space for the resumption of Iranian imports by reducing spot crude oil purchases in the…
ONGC Videsh loses its discovered Farzad-B gas field in Iran
India on Monday lost the ONGC Videsh Ltd discovered Farzad-B gas field in the Persian Gulf after Iran awarded a contract for developing the giant gas…
Iran calls Natanz atomic site blackout, nuclear terrorism
Iran on Sunday described a blackout at its underground Natanz atomic facility an act of nuclear terrorism, raising regional tensions.
Oil prices climb as deep freeze shuts US oil wells
Oil prices rose as a cold front shut wells and refineries in Texas, the biggest crude producing state in the United States, the world's biggest oil…
ONGC Videsh set to lose Farzad-B gas field in Iran
India has all but lost the ONGC Videsh discovered Farzad-B gas field in the Persian Gulf after Iran decided to prefer domestic companies over foreign firms…
Iran increases crude oil output at North Yaran
The third generation of sucker-rod pump (SRP) was installed for the first time in West Karoun oil fields cluster at well No. 14 of North Yaran…