The world’s top oil exporter aims to hold its production at around 9.8 million bpd level from January until March.
Read More »Oil Min: Iran will Launch 5 S.Pars Phases next Year
Iran is currently producing 4.5 million tons of ethane annually which will cross 6 mt y next year and 10 mt y by 2020.
Read More »Two Big Oil Seeking Smooth Exit from Cuts
OPEC and its partners see merit in maintaining their curbs into 2019.
Read More »Alexander Novak: more Countries can Join the Agreement
The ministers noted that the level of the deal’s implementation had exceeded 100% in the past five months.
Read More »Iran`s light oil Continues to Rise
The price of Iran'.s light oil increased by 1.69 dollars in the mentioned period to reach 69.26 dollars per barrel.
Read More »Al-Falih Urges Oil Producers to Extend Cooperation Beyond 2018
Falih and UAE minister Suhail al-Mazroui said they did not think the rise in prices would hurt global demand for oil.
Read More »Kuwait oil minister: not discussing exit strategy from supply cuts at Sunday meeting
OPEC. supported by Russia and other non-members. began to reduce output a year ago to remove an oil glut built up in the previous two years.
Read More »Next OPEC+ Ministerial Meeting Planned for April
Saudi Arabia’s energy minister urged global oil producing nations on Sunday to extend their cooperation beyond 2018.
Read More »Iranian Tanker`s Oil Slick Is Now the Size of Paris
Sanchi had held a million barrels of light condensate oil. which is highly toxic and flammable.
Read More »Iran Can Generate $12b from 6 South Pars Projects
Iran is currently in talks for signing 21 oil and gas contracts which will require an investment of 50 billion dollars by 2030 in the sector.
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