Saudi Arabia. OPEC’s de facto leader and largest producer. pumped 10.53 million bpd in September.
Read More »Global Oil Industry Needs $11trn Investment
Oil-related investment requirements across the upstream. midstream and downstream are estimated at around $11 trillion in the period to 2040.
Read More »Japan`s Crude Imports from Iran Rise over Past 5th Month
Japan'.s oil imports from Iran jumped to 65 percent year on year in August.
Read More »Oil Hits Four-Year High ahead of Iran Sanctions
Brent was pushed up by the looming sanctions against Iran. which will start targeting its oil sector from Nov. 4.
Read More »Microalgae: A Potential Source of Biodiesel
The microalgae are considered as one of the most promising feedstocks for future bio-diesel production in India. The advantages of microalgae are their widespread availability. higher oil yields and reduced pressure on cultivable land. The difficulty in efficient biodiesel production from algae lies not only in the extraction of the …
Read More »Oil Could Rise To $100 and That’s Bad News
Pouyanne is joining a growing number of industry executives and analysts who have started to predict that $100 is now a real possibility.
Read More »Iran Sanctions could Send Oil Prices to $100 per Barrel
Sanctions against Iran could contribute to a ``nasty gap`` in the market at year-end.
Read More »Iraq Aims to Ramp Up Production at Newly Restarted Oil Field
The Qayara oil field was shut-in for years until last year. due to the war with Islamic State.
Read More »Iraq Begins Producing Gas from Nasiriya Oilfield
Iraq has continued to flare some of the gas extracted alongside crude oil at its fields because of lacks of facility.
Read More »Oil Prices Steady as Saudi Supply Balances Iran Sanctions
Other OPEC countries have been increasing production in recent months.
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