Iran and Sri Lanka enjoy long-lasting experience in political. economic and diplomatic cooperation.
Read More »Exit Strategy of Global Cuts to be Discussed before June
Under the current deal the producers are cutting supply by about 1.8 million barrels per day (bpd).
Read More »Iraq Oil Minister Says Kirkuk Oil Swap Deal with Iran is for One Year
Iraq has asked BP to help increase output from Kirkuk oilfield to more than 700.000 barrels per day.
Read More »OPEC Outlook Sees US Influencing Global Crude Markets until 2025
Producers in the Middle East. most of which are OPEC members. have supplies that are relatively less expensive to produce.
Read More »Venezuelan Crude Exports to U.S. Fall To 15-year Lows
Venezuelan crude exports to the U.S. fell last month to their lowest levels since January 2003.
Read More »Shale Drillers Say Higher Oil Prices won`t Spur Rush
Higher oil prices can bring in more cash to the balance sheet.
Read More »Saudi Arabia Raises Official Prices for All Crude to Asia in January
This is the highest premium for the flagship Saudi grade since September 2014.
Read More »Shale Oil in Focus as OPEC Extends Deal
US crude production set to touch 9.9m bpd this month. well above EIA forecasts.
Read More »Saudi Oil Minister Says Cuts to Stay Until Market Balanced
U.S. drillers added two oil rigs to reach 749 in the week ended Dec. 1. the highest level since late September. according to Baker Hughes.
Read More »Europe Buys 40% of Iran Oil in November
European companies resumed purchase of oil cargoes from Iran since implementation of the Joint Comprehensive Plan of Action (JCPOA) in 2015.
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