The Syrian ministry of petroleum says the ongoing foreign-sponsored conflict has inflicted around $100.5 billion in damage on the country’s energy sector.

Venezuela has doubled its oil production over the past months thanks to Iran's help in defiance of US sanctions against Caracas, oil industry analysts say.

Oil prices remained steady on Thursday following two days of gains after a call by the US for major producers to increase output reinforced supply concerns.

An Iranian company has started oil production from the Asmari layer of the Abuzar field for the first time, marking a new milestone in the country's sprawling petroleum industry.

Iran’s state oil company starts preparations for drilling oil wells in northern Moghan region.

A senior Iranian petroleum official says crude output will reach pre-sanction levels within a single day.

Iran’s Oil Ministry says flooding has not affected crude production in southwestern Khuzestan region.

Following a price war crisis sparked by the OPEC+ countries, it seems that the sudden price drop that brought the cost of crude oil down to the prices in $20’s has finally seen some kind of recovery.

The US military reportedly dispatches 35 truckloads of military and logistical equipment to its positions in Syria’s northeastern province of Hasakah.

A report shows there is no immediate deal in sight for new OPEC+ cuts because of the Saudi-Russia rift.