Saudi Arabia had been ``very helpful`` in bolstering oil supplies while the U.S. moved to reimpose sanctions against Tehran.
Read More »Gasoline Price Spike. Tough Challenge for Kremlin
Fuel prices jumped 7% in the first half alone. more than double the overall rate of price increases.
Read More »Russia will Help Iran Trade Oil
The Russian energy ministry told the FT that the trade would continue next week.
Read More »U.S. And OPEC Add Huge Volumes of New Supply to Soften Oil Market
The 15 countries in OPEC produced an average 33.31 million barrels per day in October.
Read More »US agrees to grant India waiver from Iran sanctions
The US has broadly agreed to grant India a waiver from Iran sanctions after the Indian side decided to cut oil imports from Tehran by about a third in 2018-19.
Read More »IEA Cautions Nigeria. other Producers against over-Dependence on Oil
There is a great need for oil and gas nations to diversify their economy.
Read More »Can Arab Countries Compensate Iran`s Oil for India?
If New Delhi drops its oil imports from Tehran to zero. it will need to import more from other partners.
Read More »Iran Launches Oil Sales on Energy Exchange to Counter US Sanctions
China’s government told at least two of its state oil companies to avoid purchasing Iranian oil.
Read More »Iran Expects Oil Exports won’t be Less than 1 million bpd
US officials are lying to the world and the Americans about oil price.
Read More »Analysts See Brent Oil at $80 again
Saudi Arabia’s latest strategy of ‘produce as much as you can’ will hurt spare capacity.
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