Natural gas shortages this winter caused chaos. cutting off supplies to industrial users and causing big spikes in prices.
Read More »Iraq Opens Two Projects to Enhance Oil Capacity
Earlier this month. the Iraqi government approved a plan to increase crude oil production to 6.5 million barrels per day.
Read More »Oil Minister Discusses Issues of Mutual Interest with Indian Counterpart
Indian companies expressed interest in investing in Farzad B oilfield which was approved by the Iranian president.
Read More »India Expands Cooperation with Saudi Aramco in Planned Mega Refinery
Saudi Aramco. the world’s biggest oil producer. is moving to invest in refineries overseas to help lock in demand for its crude.
Read More »Saudi Oil Minister Happy with Oil Market at Present
Global benchmark Brent crude oil futures were trading at $70.78 a barrel at 0342 GMT.
Read More »Sinopec Cuts Oil Supply from Saudi Arabia
Sinopec put in the request earlier this week after national oil company Saudi Aramco set higher-than-expected prices.
Read More »Abe. IAEA Chief Stress Need for Verification of N. Korea`s Denuclearization
Abe and IAEA Director General Yukiya Amano reached the consensus during their meeting in Tokyo on Tuesday.
Read More »Rising Oil Prices Boost GCC Deposits
Despite improved liquidity. funding costs will increase due to rising interest rates.
Read More »China may Seek Extra Iran. Russia Crude after Saudi Nomination Cut for May
Iran'.s National Iranian Oil Co. is expected to release its OSPs for May-loading crude later this week.
Read More »Korean KTC to Build Solar Plant in Iran
With the construction of the mentioned solar plant and wind farm. KTC will also transfer new technologies to the country.
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