Iraq is OPEC’s second-largest oil producer after Saudi Arabia.
Read More »China Prepares for Yuan-Based Crude Oil Futures
The yuan-based futures may also help China’s effort to promote the yuan as a global currency.
Read More »Tillerson Has 180 Million Reasons Not to Return to Oil Industry
Exxon created a payout plan in January 2017 for Tillerson.
Read More »Oil Markets Dilemma: Glut or Deficit
Strong economic growth is what’s really driving demand at levels much higher than recent history.
Read More »OPEC Divided on the Right Price for Oil
Iran wants to see $60 a barrel to rein in shale producers. while Saudi Arabia’s budget needs $70.
Read More »Oil Industry Relationship with Trump Cooling Off
Steel tariffs. jousting over NAFTA and wariness about regulation rollbacks are making oil and gas executives nervous.
Read More »India will Pay Iran’s Oil Sales Debt in Euro
Indian government has focused on developing phase one of Chabahar Port.
Read More »Iran: OPEC could Agree in June to Start Easing Oil Output Cuts in 2019
Iran will press for carefully bringing back some of its own production.
Read More »Iraq Plans New Basrah Crude Oil Export Grade
Iraqi oil production has remained stable at 4.36 million b d from September to February.
Read More »OPEC`s Big Challenge
In countries like Brazil and Mexico. the slowdown at old fields jumped to double-digit rates last year.
Read More »