Iraq is the Organization of the Petroleum Exporting Countries’ second-largest producer after Saudi Arabia.
Read More »IEA: Demand for Oil in World to Increase by 2023
IEA expects an increase in shale oil production and exports to Europe and Asia in the long term.
Read More »Russia Is China`s Top Oil Supplier
China’s total crude oil imports in March rose to the second-highest on record at 9.2 million bpd.
Read More »Rise in Iran`s Caspian Oil Reserves
Norwegian firms are expanding their foothold in Iran'.s lucrative and untapped energy market gradually.
Read More »Iraq’s Oil Exports Rose in March
The Iraqi oil exports reached in last February about 95.940.000 barrels.
Read More »Iran Says no Need to Extend OPEC. Non-OPEC Pact If Crude Oil Prices Rise
The pact runs until the end of 2018.
Read More »Oil Min: Iran Accelerates Gas Export to Pakistan
The minister placed special emphasis on accelerating the development of Mokran Costal Area.
Read More »Oil Market in the Process of Being Balanced
OPEC and non-OPEC producers are restraining production by a total 1.8 million barrels per day to prop up prices under a deal that is to expire at the end of 2018.
Read More »Libya Oil Output Drops after Attack on Pipeline
The OPEC country'.s output has recovered in the last year to nearly 1 million b d.
Read More »India`s Oil Import from Iran Reduced
India’s oil imports from Iran during the 2017-18 fiscal year fell by 15.7% from a year ago.
Read More »