Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Prices will fall until either Moscow or Riyadh call off the endurance contest.
Read More »Putin Dumps OPEC to Start a War with America’s Shale Oil Industry
Saudis Plan Crude Oil Output Increase, Begin Price War
Saudi Arabia plans to increase its crude oil output next month to more than 10 million barrels a day in response to the collapse of its OPEC+ alliance with Russia, Bloomberg News reported on Saturday. Brent slid to its biggest daily loss in more than 11 years on Friday after …
Read More »Libyan Oil Output Recovery could Neutralize OPEC’s Plans to Cut Deeper
Libya was currently producing around 121,000-123,000 b/d because of the blockade.
Read More »Saudi Arabia Reportedly Considers ‘Opening the Taps’ Over Flopped OPEC+ Deal to Slash Oil Output
Russia's oil output increase will now hinge on companies' plans.
Read More »South Pars Phase 13 Final Platform Installed
The platform had a 98% physical progress after completion of construction operations at SADRA Iran Marine Industrial Company industrial yard.
Read More »Oil Slides as OPEC+ Deal Collapses
Many shale producers are highly exposed to the current low oil prices.
Read More »Collapse of OPEC Talks Blows Hole in Russian-Saudi Alliance
The oil market now faces double jeopardy.
Read More »OPEC, Non-OPEC Agreement Reachable before April
A sharp drop in aviation and transport demand has sent prices down by a third since January.
Read More »Saudi-Russian Breakup could Collapse Oil Prices
The most immediate pain is likely to be felt in the US shale industry.
Read More »Iran Discusses Trade with Turkey, Azerbaijan amid Corona Outbreak
Iran has conferred with the Azerbaijan Republic and Turkey on ways of promoting mutual trade cooperation amid the coronavirus outbreak.
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