Oil

Kuwait chairs the five-member committee which also includes Algeria. Venezuela. Russia and Oman.

The world’s largest oilfield service provider sees international spending picking up in the second half of the year and into 2018.

Shell and Total have signed agreements to invest in gas resources offshore Iran.

Higher crude oil and gasoline stocks in the United States weighed on prices on Friday.

Asia is becoming the world'.s biggest oil consuming region.

The two largest economies need to sort out their differences for the wellbeing of the global community.

OPEC oil output also decreased by 220.900 b/d to 33.085 in December month-to-month.

The research institute has played a key role in the production and export of science and technology in oil.

NITC has leased 30 of its tankers to foreign companies since JCPOA implementation.

Iran'.s refineries are in a state of disrepair after years of sanctions which prevented access to parts and new technology.