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 ...

The latest OPEC figures show that Iran's oil production rose to 3 million and 308 thousand barrels per day in February. In February, the same month US President Donald Trump announced the activation ...

Nearly a dozen massive oil tankers, filled with Iranian crude, are currently sitting idle off the coast of Malaysia. These ...

Close to a dozen US-sanctioned tankers are idling off Malaysia with Iranian crude, with some having been stationed in the oil ...

The lifting of sanctions is part of a broader Western strategy to secure strategic influence along the Eastern Mediterranean.

Here’s a look at Kurdish people. Kurds do not have an official homeland or country. Most reside within countries in the Middle East including northern Iraq, eastern Turkey, western Iran and small ...

Oil prices were edging higher in early trade, supported by market concerns over global supplies after the U.S. stepped up ...

US Secretary of State Marco Rubio arrived in the Caribbean on Wednesday looking for ways forward on violence-torn Haiti and to show support for oil-rich Guyana in its dispute with ...

Iran is currently mulling over US President Donald Trump’s offer for talks on a new nuclear deal. Its answer will hinge on ...

The BP deal signals a potential resurgence of Western influence in Iraq’s energy sector.

Iraq's oil minister Hayan Abdel-Ghani has said told state television that Iranian oil tankers stopped by U.S. forces in the ...