Iraq has formed a joint venture with a shipping company owned by Arab states to transfer. store and trade crude and oil products.
Read More »Russia Says Demand should Determine Oil Deal Easing
OPEC and non-OPEC countries should take a decision on a possible adjustment of the current deal on oil output cuts by looking into oil demand.
Read More »US Asked OPEC to Raise Oil Output Due to High Gasoline Prices
The U.S. request was discussed at the meeting of the relevant ministers of Saudi Arabia. the United Arab Emirates. Kuwait and Oman in Kuwait this Saturday.
Read More »Maduro Accuses US of Infiltrating State Oil Company
Maduro called for an ".economic counteroffensive". against the U.S.-led economic war that has seriously harmed the economy.
Read More »Crude Oil Price Drops as US Supply Grows. OPEC Mulls Higher Output
The production-cutting pact between the OPEC. Russia and other producers has given strong tailwind to oil prices.
Read More »Iran Oil Exports Highest Since Nuclear Deal
Iran exported 2.4 MMbbl d of crude oil in May. SHANA reported. and 300.000 bbl d of natural gas condensate.
Read More »Putin Greets Russia-OPEC Partnership
The Russian leader thanked the Crown Prince for the initiatives on development of Russian-UAE hi-tech cooperation.
Read More »Iran. India to Use National Currencies for Bilateral Trade
Iran is India'.s third-largest oil supplier.
Read More »Russia is Ready to Maintain Gas Transit through Ukraine after Nord Stream-2 is Launched
Putin refused to estimate the gas volumes that can be simultaneously transported through the new gas pipeline and the Ukrainian gas transport system.
Read More »Iran Asks OPEC to Support against U.S. Sanctions
OPEC governors meet next in October.
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