Most of the survey respondents expect Arab Light crude to be cut by 40 cents in June.
Read More »Oil Prices Inch Down on High Stocks. Weak China Factories Survey
The Organization of the Petroleum Exporting Countries (OPEC)meets this month to discuss oil supply policy.
Read More »China`s Oil Stockpiling in First-Half 2016 Slows on Tank Shortage
China boosted its SPR across nine bases by adding 1.28 million tonnes of crude oil in the first half of 2016.
Read More »Nouri Petrochem Co. Sets Production Record
Nouri plant was launched w in 2007 at a cost of $240 million.
Read More »Iran to Finalize Talks with Foreign Oil. Gas Majors
Linde executives point out that European banks are still cautious about doing business with Iran.
Read More »Iran to Pursue US Lack of Commitment Toward JCPOA
US President Donald Trump is an outspoken critic of the agreement negotiated by his predecessor Barack Obama.
Read More »India Replaces Japan as No. 2 LPG Importer
Total LPG imports stands 23 per cent more at 11 million tonnes in fiscal 2016-17.
Read More »Mexico Oil Sector Decline
Production in Mexico has declined for 12 years in a row and this year will be less than 2 million barrels a day.
Read More »Iran May Expand LPG Export to India
Gas extraction from the giant South Pars field in the Persian Gulf has exceeded 550 million cubic meters per day.
Read More »Iran`s May Crude Exports Set to Fall
In March. Iran loaded around 2.6 million bpd a day of both crude and condensate.
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