Tribal fighting near oilfields sites is definitely affecting the energy operations and sending a negative message to foreign oil firms.
Read More »IEA Sees Risk of Volatile Oil Prices on Weak Upstream Investment
There are still not enough signs of investment beginning to return. and that raises the risk of tightening of the market in the next five years and a risk to the stability of oil prices.
Read More »Increase in South Korea’s Imports of Iran Oil by 40 Percent in August
South Korea. one of Iran'.s major Asian clients. mainly purchases an ultra-light oil. also known as condensate. from Iran.
Read More »China Cracks Down Oil Smuggling Network
Smuggling is causing major headaches right now with regard to the fresh round of sanctions the UN imposed on North Korea.
Read More »Azar Oilfield Output Hits 4 Million Barrels
Azar holds 2.5 billion barrels of crude oil and is one of the joint fields with Iraq.
Read More »Iran. Venezuela Discuss OPEC Output Cut. Global Oil Market
Iran is ready for any measure contributing to stability in the oil market.
Read More »OPEC Sees Higher Oil Demand. Signs of Tighter Market
OPEC estimated supply from non-OPEC countries next year would rise by 1 million bpd.
Read More »Extending the OPEC Cuts Deal: An Option or A Must?
Unless a miracle happens and fundamentals change miraculously. an extension is a must and not just an ``option.``
Read More »Iran`s Crude Below $51
The price drop mirrors the trend in global prices that have been shaky in recent weeks.
Read More »Saudi Arabia. UAE. Venezuela Open to Extending Oil Production Cuts
Trio plus Kazakh agree to keep all options open including the possible extension of output cuts beyond next March.
Read More »