Turkey’s refineries are not equipped to process crude oil from just any other country.

Iran sits atop 11 percent of oil and 18 percent of gas reserves in the world.

Anyone who uses oil as a weapon is bringing forward the death and collapse of OPEC.

The number of rigs targeting gas rose by nine to 224. while the oil-directed rig total increased by 11 to 857.

This is the first Q-Flex to transit the Panama Canal.

Iran’s total petrochemical output stands at 55 million tons per annum of which a portion is consumed domestically and the rest exported.

West Karoon sits on over 70 billion barrels of oil reserves.

The OPEC Secretary General Barkindo was Iran to visit the 24th Iran International Oil. Gas. Refining and Petrochemical Exhibition.

US sanctions will not have a positive impact on the crises. and problems should be resolved through negotiations.

EIA data showed the inventories jumped almost 10 million barrels last week.