Holding first meeting of Joint Energy Meeting is a major step for working out cooperation framework.
Read More »Spending Discipline. Higher Oil Revenues to Narrow Saudi Fiscal Deficit
Short term improvement in oil prices may slowdown fiscal reforms.
Read More »Oil Min: Total Can Leave Gas Deal Just in Case of UNSC Sanctions
Total became the first Western oil major to sign an agreement with Iran to develop phase 11 of Iran'.s South Pars.
Read More »Non-Oil Exports Increase by 61% from Iran`s Bandar Lengeh Port
Bandar Lengeh. as the main port in west of Hormozgan province. is located 240 kilometers west of Bandar Abbas. capital of Hormozgan province.
Read More »Essar’s Oct. Iran Oil Imports Fall
Essar Oil’s imports from Iran in October were about 88% higher than the previous month.
Read More »Oil Edges Up as Expected Extension of OPEC Cuts Counters Rising U.S. Supplies
U.S. West Texas Intermediate (WTI) crude futures were at $55.39 a barrel. 6 cents up from their last settlement.
Read More »Iran Doubles Oil Exports in Post-JCPOA
Iran'.s oil exports. including gas condensates even sometimes exceeded 2.9 million bpd which indicates Iran'.s oil exports have doubled after Iran nuclear deal.
Read More »Rosneft Pays Kurdistan $1.3bn Upfront in Production Deal
Russian energy juggernaut annoys Baghdad as it pumps in cash to restive region under crude oil purchase contract.
Read More »Global Oil Demand to Withstand Rise of Electric Vehicles: IEA
The IEA estimates that U.S. crude oil is expected to rise until reaching a peak in the 2020s of about 17 million bpd.
Read More »South Azadegan Output to Reach 100.000 bpd
The field'.s current output. which stands at 80.000 bpd. will increase by 20.000 bpd as soon as the 13 newly-drilled wells go on stream.
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