Saudi Energy Minister Khalid al-Falih said on Monday the OPEC-led production cut could be extended beyond 2017.
Read More »Sanctions Aren’t Slowing Russian Oil Industry One Bit
Russian crude output is at historic highs. European firms are still investing.
Read More »NIOC Plans to Boost Crude Oil Output Capacity
Iran produced 3.77 million b d of crude in April.
Read More »JCPOA Decrease Oil Equipment Import Costs to 1/3
Iran has now become an exporter of gasoil and is exporting 13 million liters of the item on a daily basis.
Read More »Saudis to Decline Exports
OPEC'.s combined water-borne shipments of nearly 24 million barrels a day in March were up slightly from October levels.
Read More »Ministry Denies Obstruction in Export Payments
Oil ministry is in talks with oil and gas giants for $70 billion worth of development projects.
Read More »Iraq Oil Exports Decrease to 97.6m Barrels in April
In February Iraqi reserves increased to 153 billion barrels.
Read More »Lukoil Interested in Joining Iran Oil Sector
Lukoil is in talks with Iran'.s petroleum ministry and the National Iranian Oil Company (NIOC) for joining projects in the country.
Read More »MENA Markets Drop in Line with Oil Prices
MENA markets remained sluggish in April due to drop in trading liquidity and poor investments from both domestic and international investors.
Read More »RIPI Ready to Offer Services to E&P Firms in Oil Project
Given RIPI'.s long history in cooperation with international companies. it is capable of offering quality services with low costs to them.
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