All Russian oil companies, including champion producer Rosneft, have agreed to cut crude output under Moscow's agreements with OPEC, Russian Energy Minister Alexander Novak said on Friday. Asked…

Poland's biggest oil refiner PKN Orlen said it has bought 1 million barrels of Iranian Light oil from National Iranian Oil Company.

The state-run PKN, which mostly refines Russian oil, said…

Russia's second-biggest oil producer Lukoil is in talks with the National Iranian Oil Company over oil swap operations, Oil Minister Bijan Namdar Zanganeh said.

"Lukoil has shown interest…

Iran has started gas production from Phase 21 of the South Pars Gas Field, the director of phases 20 and 21 said in a statement.

“We are drawing 28 million cubic meters of gas per day from…

Two turbines to be used in Iran's oil and gas projects have been released by an unnamed British company, the deputy head of Iranian Oil Pipeline and Telecommunication Company said.

Iran's crude oil production slackened in November as doubts over an OPEC accord to cut supplies ahead of the group's meeting in Vienna last month also weighed on the country's oil export price,…

Deutsche Bank AG agreed to pay $37 million and admit to misleading customers about its dark pool stock-trading platforms to settle a joint state and federal probe, bringing the bank a step closer…

As British Prime Minister Theresa May returned home from her unsuccessful visit to India, she would bear witness to another relegation for the UK: India’s economy will be larger than the UK’s, for…

Malaysia’s economic stability is better than Singapore’s, says Barisan Nasional. In a statement on Saturday, the ruling party said although Singapore had always done better in gross domestic…

New Zealand’s economy may have extended its steady rate of growth for a fifth straight quarter with buoyant retailing lifting the services sector and construction, making up for a weaker primary…

Protests and looting broke out in parts of Venezuela on Friday due to a lack of cash after the socialist government suddenly pulled the nation's largest banknote from circulation in the midst of a…

Japan launched a fresh effort Friday to overcome a deadlock in a territorial dispute with Russia by announcing bilateral economic deals worth ¥300 billion ($2.5 billion).

The German economy will rebound more strongly than previously expected in the fourth quarter and this growth momentum will carry through into 2017, one of Germany’s leading forecasting groups said…

Given the shortage of nomadic teachers, Iranian men eligible for conscription can seek exemption from military service by working as teachers in remote areas.

The 2016 Global Education Monitoring or GEM Report launched in Tehran last week, is the first in a newly mandated 15-year series, with the theme ‘Education for people and planet: Creating…

The increasing number of illegal abortions in the country is a cause for concern. Recently, 120 physicians in a letter to the health minster urged him to take stricter measures to prevent illegal…

The Office of the Vice Presidency for Women and Family Affairs has seen a 19% increase in the budget for the 2017-2018 fiscal year (starts March 2017), submitted to parliament on December 4. “The…

The Citizen Rights Charter will constitute a roadmap and a government program announcing citizen rights for all Iranians as well as developing, implementing and supervising the implementation of…

A 5-meter deep crater opened up in Tehran’s Molavi Street as a result of land subsidence on Saturday at 9 am. The incident occurred in a narrow old alley where the subway station’s ventilation…

Improving the quality of locally produced equipment and increasing domestic production will be an advantage for patients as well as the government, said scientific secretary of the first Annual…

The World Health Organization (WHO) has developed a fracture risk assessment tool (FRAX) which provides a ten-year major osteoporotic fracture risk prediction to patients aged 40 to 90 years, said…

The Imam Khomeini Relief Committee (IKRC) has brought 47,900 applicants on the waiting list under its coverage, since the beginning of the fiscal year in March till November.

Volkswagen AG has agreed to pay just over $200 million to offset emissions from about 80,000 3.0-liter diesel US vehicles, in a landmark payout for the German firm.

The agreement is…

Ssangyong Motors, one of the largest South Korea-based automobile manufacturers, announced that in the first 11 months of 2016 it sold 6,823 cars to Iran.

According to a statement released…

Electric motorbike manufacturers have shown their latest two-wheelers at a recent exhibition in the central tourist city of Isfahan, according to IMNA, Isfahan Municipality’s news agency.