EIA’s forecast for 2018. in contrast. increased compared to the previous outlook. when it was at 40.2 million barrels per day.
Read More »OPEC Oil Price Rises on Apr. 10
The price of OPEC basket of 13 crudes stood at $53.13 a barrel on Apr. 10 compared to $52.91 on Apr. 7.
Read More »Russia to Start Talking to Oil Firms About Extending OPEC Deal
A final decision will depend on how the situation in the oil market develops in April and on forecasts for May and June.
Read More »Analysts Say Russia will Continue Participating in OPEC Oil Cut Deal
Russia will continue participating in the OPEC deal on oil production limiting despite dissatisfaction with the current prices level.
Read More »Investments Only Way to Challenge Qatar’s Gas Ambitions
Revenues from oil sales are national wealth and belong to future generations.
Read More »Iran Interested in Caspian Reserves Development
In 2012. Iran discovered a new oil layer with in-place reserves of two billion barrels in Sardar-e-Jangal oil and gas field.
Read More »BP`s Annual Income from Joint Gas Field with Iran in North Sea
During the second half of 2016. BP Iran Limited leased and refurbished an office in Tehran.
Read More »West Karoun Block Raising Output to 500.000 bpd
Production capacity in the West Karoun oilfields is set to reach 500.000 barrels per day by July from the present 300.000 bpd.
Read More »IPC Oil Contracts will Boost Foreign Investment
The IPC has more flexible terms that take into account oil price fluctuations and investment risks.
Read More »Vice President Praise Oil Industry
Everyone concerned about Iran and the Islamic establishment must step in the path of Economic Resilience.
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