"I believe they (Saudi Arabia and the UAE) are overstating their oil capacities," Zanganeh said.

Almost 200,000 barrels a day of the country’s post-sanctions oil sales could be undisclosed.

Iran had hoped to sell more than 500,000 bpd of oil to India during the current fiscal year that started in April, Oil Minister Bijan Zanga...

Pradhan said India will stand as an equal with others and not be subservient to anyone. Farzad-B negotiations have been in a stalemate sinc...

Iran's oil minister Bijan Zanganeh recently told Argus, the top global energy market information provider, that Farzad-B field was among th...

Reports from Vienna quoted Iran's oil minister Bijan Zanganeh as saying that he expected Russian firms to enter the field if the Indian con...

India is using the supply glut to put pressure on Tehran for securing development rights to the Farzad-B gas field in the Persian Gulf.

Iran is reportedly unhappy with the $10 billion plan submitted by OVL,), for development of the 12.5 trillion cubic feet reserves in Farzad...

With a week to go for Brexit vote, oil and other markets remain choppy. A so-called Brexit can lead to a Europe-wide recession and can hit ...

Pradhan addressing a joint press conference on Saturday with his Iranian counterpart said, "Iran and India's energy ties are no longer limi...

“Any agreement will still be contingent on Iran being able to increase market share or increase production from current levels,” said Harry...

Bijan Zanganeh said Iran will ramp up crude oil production and reclaim its lost share of exports shortly after international sanctions on t...

The consensus among analysts and traders is that Tehran needs at least a year after sanctions are lifted to raise output to the level.

Oil tumbled into a bear market this year as the US pumped the most in more than three decades and conflict in the Middle East and Ukraine f...

WTI crude traded near its highest closing level in 3 weeks before weekly govt data on US inventories amid signs economic recovery in develo...

Iran plans to attract $70 billion for investments in its oil and gas industry, the country's media reported Sunday.

NEW DELHI: Iran will continue to be a major supplier of crude oil to India and has promised to consider New Delhi’s request to grant some e...