Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Iran is growing its production. as it was allowed to pump an additional 90.000 bpd based on its October production level under the OPEC cut deal.
Read More »Saudi Arabia Is Losing Market Share to Its OPEC Rivals
Iraq and Iran Boost Oil Exports in Sales Battle with Saudis
OPEC is to meet in November to discuss a possible extension of the deal beyond March.
Read More »OPEC Chief Says Floating Storage Is Shrinking
Crude oil in floating storage is declining. showing that the market is rebalancing.
Read More »Why Russia Is Playing All Sides in The Middle East
Russia’s rise came as U.S. policy makers grew preoccupied with Asia. and the American public tired of Middle East wars – something both Obama and Trump acknowledged.
Read More »Who Is Winning the Market Share War In China?
The market share that Saudi Arabia has lost in China is a result of the Kingdom’s current policy to try to boost oil prices.
Read More »Russia. China to Benefit from U.S. Sanctions On Venezuela
Chinese companies have moved into Venezuelan upstream activities as well. However. here the primary play has been to control oil export revenues.
Read More »Saudis See Economy Shrink in Spite of Higher Oil Prices
In this context. the IPO of Aramco becomes even more essential for Prince Mohammed’s diversification plans.
Read More »Aramco IPO Could End OPEC Status Quo
In the meantime. the Saudis have lost some of their market share. both to Russia and Iraq.
Read More »Shale Drillers. Oil Sands Producers Need Crude Above $50 bbl for Boom to Last
Producers in the U.S. and Canada have made dramatic efforts to cut costs since the collapse of oil prices three years ago.
Read More »Iran Pledges to Sustain Oil Exports Despite Trump`s Threat
Iran also plans to introduce its new heavy crude grade from the West Karoun oil field as soon as six months from now.
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