Tag Archives: Asia

Rising U.S. production helped fuel a slump in prices.

The group is ``extremely assured. optimistic`` for oil in the short and medium term. with investments flowing back sooner than later.

Last week. news emerged about preliminary plans to build a $20 billion complex to convert crude oil to chemicals.

".Whatever the agreement will be. we will support it.". the minister said.

Russia is the producer everyone is watching ahead of the OPEC meeting.

Oil market was in a much better position than it was last year. which was a result of producers complying with the cuts.

Iraq is the second-largest crude oil producer in the Organization of the Petroleum Exporting Countries (OPEC) after Saudi Arabia.

Saudis want production cuts extended through 2018. while Moscow wants flexibility.

Iran and Armenia'.s power grids are linked by two electricity lines and a third is under construction.

Iran and Armenia have increased efforts to promote their mutual cooperation.