Iraq has resumed transporting oil products by rail from the Dawra refinery in Baghdad to Basra in the south which was halted after the 2003 U.S.-led invasion.
Read More »Russia Sees 2-5 Months to Exit Oil Output Deal
The deal had achieved two thirds of what it was intended to do.
Read More »Shale Surge Won`t Thwart Plan to Clear Glut
Demand for this year is expected to be good. if not better than 2017.
Read More »UAE and India Ink Oil Agreement
The Indian consortium contributed a participation fee of around $599 to enter concession.
Read More »Iran’s Non-Oil Exports Continue to Fall
The volume of exports to China was 28.19 million tons. 5 percent less year-on-year.
Read More »Iran’s Production Rise Lowers Oil Prices
OPEC member Iran revealed plans to ramp-up production by at least 700.000bpd within the next four years.
Read More »Crescent Petroleum to Increase Production in Iraq
UAE-based firm plans investment of $1b to boost gas production to 500m cubic feet by 2020
Read More »Russia. the Largest Oil Supplier to the Chinese Market
EIA reported that Russia. however. is the largest oil supplier to the Chinese market.
Read More »Weaker Dollar Hurts OPEC Countries. Helps Shale
The weaker dollar boosts U.S. exports. supporting shale producers.
Read More »Iran to Export LNG to Basra by Next Year
Iran has already started exporting gas to the Iraqi capital of Baghdad and it will begin exporting LNG to Basra in the coming months.
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