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A service for energy industry professionals · Thursday, April 16, 2026 · 906,094,995 Articles · 3+ Million Readers
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  • Published on April 16, 2026 - 04:55 GMT

    Iran Allocates Oil Revenue to Rebuild Damaged Energy Infrastructure

    (MENAFN) Iran has announced that part of its oil revenue will be allocated toward rebuilding oil and gas infrastructure damaged in recent US-Israeli attacks, according to reports. The country’s oil minister said that oil sales during March and April were “ …

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  • Published on April 16, 2026 - 04:33 GMT

    US Energy Chief Warns Oil Prices Could Peak in Coming Weeks

    (MENAFN) US Energy Secretary Chris Wright said on Monday that oil prices may reach their highest point in the coming weeks, as ongoing disruptions to shipping through the Strait of Hormuz continue to push energy costs upward. Speaking at the Semafor World …

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