OPEC ministers on Monday began gathering in Vienna ahead of a meeting to review output policy, but were widely expected to leave formal tar...

Iran's oil minister says he thinks there is too much crude on the market, adding that OPEC is reviewing whether it should cut back supplies.

OPEC-member Kuwait joined Gulf Arab neighbour Saudi Arabia to boost oil output in July to help meet rising demand and tame soaring prices, ...

Iran has confirmed that French energy giant Total has dropped out of a multi-billion-dollar gas investment.

The proposal for a "gas OPEC" that would group the world's biggest gas exporters as a cartel took several knocks this week at a leading ene...

Iran, the second largest exporter among oil cartel OPEC, on Wednesday ruled out increasing the output immediately to cool record high price...

Iran on Tuesday indicated that it may be willing to change the delivery point of gas it wants to sell to India through the IPI Pipeline.

Iran, the world's second largest oil exporter, said on Tuesday that it was "not happy" with the spurt in oil prices to a record high of $14...

India is keen to partner the proposed multi-billion Iran-Pakistan-India (IPI) gas pipeline project and has promised to resist "all external...

Iran, OPEC's number two crude oil producer, on Sunday inaugurated its first bourse for oil products and petrochemicals, in a bid to become ...

Iran has invited Indian and Pakistani petroleum ministers to Tehran to sort out their differences on the contentious transit fee issue.

Iranian Oil Minister Gholamhossein Nozari has said that India has not pulled out of peace pipeline project and was still interested in the ...

Iran is planning to increase its oil production to 5.3 million barrels per day (MBP) in the next seven years, up from the current capacity ...

Iran has said India has to sign a fresh agreement if it wants to go ahead with the plan to purchase five million tonnes of liquefied natura...

Iran's new Oil Minister Gholamhossein Nozari has blamed a "misunderstanding" for the fall of the 22-billion dollar deal to export five mill...

Iran, OPEC's number-two exporter, hit out on Saturday at the recent hike in oil prices, saying real prices were far lower than the 90-dolla...

Iran on Sunday expressed impatience with India over the finalising of a multi-billion dollar gas pipeline deal via Pakistan, warning that i...