The nuclear pact was signed between Iran and six world powers to curb Iran'.s nuclear program in exchange for lifting international sanctions.
Read More »Essar’s Oct. Iran Oil Imports Fall
Essar Oil’s imports from Iran in October were about 88% higher than the previous month.
Read More »Russia will Never Break Its Dependence on Oil
Economics says the reason for the GDP growth deceleration was a slowdown in the growth of the industrial production sector.
Read More »Saudi Aramco’s IPO Just Lost World’s Largest Equity Investor
The company has hired JPMorgan Chase &. Co.. Morgan Stanley. HSBC Holdings Plc. Moelis &. Co. and Evercore Inc. to advise on the IPO.
Read More »Tesla Unveils ‘World’s Fastest Production Car’ and Electric Big Rig
Tesla is far from alone in trying to electrify semi trucks.
Read More »Statoil fined $4million over attempts to ‘manipulate’ market
Statoil’s plan to profit by creating an artificial settlement price for Statoil’s financial and physical propane positions did not materialize as hoped.
Read More »Adipec 2017: China to Become 2nd Largest LNG Importer ‘Within a Year or Two’
The International Gas Union’s 2017 World LNG Report says Japan is the top importer of LNG. followed by South Korea. with China in third place.
Read More »Citgo is Key Link between US and Venezuela
In 2015. PDVSA sought to sell Citgo but was unable to find a buyer.
Read More »Oil Edges Up as Expected Extension of OPEC Cuts Counters Rising U.S. Supplies
U.S. West Texas Intermediate (WTI) crude futures were at $55.39 a barrel. 6 cents up from their last settlement.
Read More »South Pars Phase 13 Completion in 2018
Work on transporting and installing the offshore structures of Phase 13 is underway.
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