Lebanon and Israel have been contesting the rights to the 860 square kilometer triangular zone.
Read More »Bahrain`s New Discovery Contains 80 bln Barrels of Tight Oil
The Bahraini government earned $4.3 billion in oil and gas revenue last year and ran a budget deficit of $2.7 billion.
Read More »Bahrain`s New Discovery Contains 80 bln Barrels of Tight Oil
The Bahraini government earned $4.3 billion in oil and gas revenue last year and ran a budget deficit of $2.7 billion.
Read More »Oil Cuts Removed ‘85% of the Problem’ of Oversupply
Russia has been a ``great partner`` in the cuts agreement.
Read More »OPEC Crude Production Drops to Lowest in a Year
Output from Saudi Arabia. OPEC’s de-facto leader and its biggest producer. fell 10.000 bpd from February to 9.87 million.
Read More »Russia’s Zarubezhneft can Transfer Capital to Iran via European Banks
There are many banks in Russia that have established fair relationship with Iran.
Read More »Iran Rises Azar Oilfield Production
Azar is shared with neighboring Iraq. where it is known as Badra.
Read More »Saudi Arabia to Cut May Crude Prices to Asia
State oil giant Saudi Aramco sets its crude prices based on recommendations from customers.
Read More »Iraq’s Oil production not Affected by War against IS
Iraq’s oil exports for February exceeded 95.940 million barrels.
Read More »Sinopec Inks First Deal to Buy Oil Priced Off Shanghai Crude Futures
The liquidity for Shanghai crude futures will surpass that of DME.
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