Iran’s oil minister says the oil industry can play a key role in promoting the mutual economic interests of Iran and Saudi Arabia.

Iran's crude exports of about 1.5 million barrels per day (bpd) stand at their highest in more than four years, with more than 80% shipped to China, ...

Latest figures by the Organization of Petroleum Exporting Countries (OPEC) show Iranian oil prices rose by an average of $6.1 per barrel in August.

As the largest gasoline supplier, Iran has ramped up output by 15% this year compared to levels seen in 2022 amid a rising domestic demand for fuel.

Iran’s first vice president on Tuesday announced that 67 oil and gas projects will be put into operation by the end of the current Iranian calendar ...