Iran is exempt from oil-output cuts following Trump’s decision to re-impose sanctions on the country last year.
Read More »Venezuela Oil Exports Stable In March
The blackouts suspended operations at Venezuela’s largest oil export terminal.
Read More »Construction of Nord Stream 2 to Be Continued Despite New Gas Directive
Nord Stream 2 is a joint venture of Russian gas giant Gazprom and five European companies.
Read More »US Rises Crude Oil Stocks and Output
Crude oil production in the U.S. rose by 100.000 barrels to 12.2 million barrels per day (bpd) for the week ending March 29.
Read More »Global LNG Trade Increases by 8.3 pct in 2018
Qatar was the main exporter of LNG in 2018 with 76.8 million tonnes.
Read More »Saudis Raised Taxation on Aramco by Switching to Brent Oil
The change could add nearly 7 percent to the price used to determine the royalty.
Read More »Amano Reaffirms Iran`s Compliance with Nuclear Deal
IAEA inspectors have full access to all locations required to verify the deal'.s implementation.
Read More »Oil Prices Approaches $70 amid OPEC Supply Cuts
Venezuela'.s state-run energy company. PDVSA. kept oil exports near 1 million barrels per day in March despite US sanctions.
Read More »China Gas Demand will Reach 360 bcm in 2020
China’s gas demand will reach 360 billion cubic metres (bcm) in 2020 and rise to 480 bcm by 2025.
Read More »Energy Firms will Assist Rescue Efforts in Flooded Areas
At least 26 of Iran’s 31 provinces have been hit by heavy downpours that began on March 19.
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