The nationalization of the oil industry in the Islamic Republic of Iran is the manifestation of a clear-cut victory over ...

Soon after oil was discovered in Iran in 1908 as the first country in the region, colonial powers, particularly Britain and ...

The National Iranian Oil Company (NIOC) was established in 1948 and is owned by the government of Iran. It is a member of OPEC. Headquartered in Tehran, Iran, NIOC was first called the Anglo Persian ...

NEW YORK (Reuters) -Oil prices settled higher on Friday and recorded a second consecutive weekly gain as fresh U.S. sanctions on Iran and the latest output plan from the OPEC+ producer group ...

Brent Crude prices are experiencing volatility due to conflicting factors: increased US crude inventories but decreased fuel ...

Languages: English and Farsi Oil prices surged on Friday, heading for a second consecutive weekly gain, as new U.S. sanctions on Iran intensified concerns over global supply. The latest measures ...

HOUSTON, March 20 (Reuters) - Oil prices rose on Thursday after the United States issued new Iran-related sanctions and renewed tensions in the Middle East countered strength in the dollar.

HOUSTON (Reuters) -Oil prices rose on Thursday after the United States issued new Iran-related sanctions and renewed tensions in the Middle East countered strength in the dollar. Brent crude futures ...