Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Late last year. the 24 countries. including the OPEC and Russia. agreed to cut production by 1.8 million barrels per day in order to reduce global oil inventories.
Read More »Saudi Energy Minister Confident Oil Output Deal Will Work
Asian Energy Firms Sink as OPEC Output Deal Disappoints
The final decision sent both main oil contracts plunging Thursday. which in turn dragged energy firms lower.
Read More »US EIA Reveals Volume of Petroleum Import from OPEC
The US imported 3.793 million barrels of oil per day from OPEC countries in January.
Read More »Iran’s Oil Output Increases
Iran’s average oil output increased by 232.000 b d and 1 b d compared to 2016 and 2015 respectively.
Read More »Oil Is Struggling to Recover from Its OPEC Disappointment
Prices edged higher by 0.35% to $48.88 in early trading on Friday.
Read More »After OPEC Deal. Texas Oil Regulator Boasts of Victory
Texas shale producers forced OPEC this morning to extend its oil production cuts for nine months.
Read More »Iran. Russia Agree on ‘Oil-for-Goods’ Deal
Iran is now waiting for Russian oil companies to send their oil.
Read More »Libya Insists On Keeping Oil Output Cut Exemption
Libya. along with Nigeria and Iran. was exempted from the original agreement.
Read More »OPEC Welcomes Its New Member
Equatorial Guinea has been accepted as a new member of the Organization of the Petroleum Exporting Countries (OPEC).
Read More »Iran Oil Minister. Total CEO Meet in Vienna
The today OPEC meeting is to focus on the extension of the November 2016 agreement on cutting oil supply.
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