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Saudi Arabia pledged in June to increase its crude oil production to help rein in prices.
Read More »Saudis will Boost Crude Production in The Next Three Months
Azerbaijan. Iran. Georgia Plan to Link Energy Systems
The second meeting of the working group is planned to be held in Moscow.
Read More »Saudi ATC Expects Increase in Oil Trade Volume in 2020
ATC was set up in 2012 to market refined products. base oils and bulk petrochemicals.
Read More »World Oil Demand. Refining Growth will Peak in 2035
Unipec is the trading arm of Asia’s largest refiner Sinopec.
Read More »Japanese Refiners Stop Buying Iran Crude ahead of Sanctions
The last time Iran was the subject of sanctions. Japan curbed its imports of Iranian crude.
Read More »Falih: I do not Influence Oil Prices
The OPEC monopoly must get prices down now!`` Trump wrote on Twitter.
Read More »Novak. Khalid Falih Holding Talks in Algeria
OPEC and non-OPEC countries had agreed to review current oil production as a countermeasure to the lack of Iranian oil caused by the US sanctions.
Read More »Iran Letter Reaffirms OPEC Divisions before Meeting
Iran argues one member has no right to steal the quota of another.
Read More »OPEC. Non-OPEC Panel Unlikely to Recommend Further Oil Output Hike
The panel is also unlikely to decide how to distribute the output increase of 1 million barrels per day decided when OPEC and allied producers last met in June.
Read More »World’s First LNG-Fueled Bulk Carriers Cross Northern Sea Route
The two vessels have been designed in Finland. and European equipment suppliers account for roughly 60 percent of all vessel systems.
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