Social and Events

Russia and Iran need to step up work to increase the volume of trade in national currencies.

Barkindo plans to meet with physical crude traders and oil hedge funds while he’s in Houston.

China is poised to become the top importer while the US leads output.

Oil prices are responding to the tightening of supply due to the Libyan production halt.

The 7.5 magnitude quake on 26 February triggered landslides and flattened buildings.

Since 2016. Indonesia has resumed its oil and gas cooperation with Iran.

Energy companies including BP. Total. Statoil and Eni are present in Russia.

Any investments would be favored by oil ministry.

Oil prices in January topped $71 per barrel but fell to $66 on Wednesday.

The OPEC cut has boosted prices. which topped $71 a barrel this year for the first time since late 2014.