Officials warn the situation could significantly affect consumers and the broader economy.

The situation worsened after strikes targeting the South Pars gas field and retaliatory attacks in…

U.S. refiners have long relied on discounted barrels of heavy crude, sourced from across the…

Iran exports relatively little, about 9 billion cubic meters, compared to Qatar’s more than 120…

The drop in production and exports is set to strain Iraq’s already fragile finances as…

The well also demonstrated strong reservoir pressure, indicating solid production potential.

Meanwhile, Lee Jae Myung expressed gratitude to partner nations for assisting in evacuating South Korean…

Vietnam also imports refined fuels, while its ‌two ⁠refineries cover around 70% of the country's…

In all scenarios, most of the increase in natural gas production is exported as LNG.

A senior Iranian official said Iran's ​new supreme leader had ​rejected de-escalation offers conveyed ⁠by…