OPEC’s cut has boosted oil prices. which in January topped $71 a barrel for the first time since 2014.
Read More »OPEC Needs Better Way to Track Crude Inventories
Since the OPEC non-OPEC production reduction was agreed to in November 2016. the producers haven’t publicly disclosed how this benchmark is defined.
Read More »Russia. Saudis Go Beyond Oil Alliance with LNG Project
Saudis mull importing gas while planning to double own output.
Read More »Iran will Connect to European Grid by Neighbors
Iran is paving the way for the investment of Iranian and foreign private sectors in renewable energies.
Read More »Shale Surge Won`t Thwart Plan to Clear Glut
Demand for this year is expected to be good. if not better than 2017.
Read More »IAEA Hails Qatar’s Role in Promoting Peaceful Uses of Nuclear Energy
Yukiya Amano. has praised the role of the State of Qatar and its continued cooperation with the Agency to promote the peaceful uses of nuclear energy in the world.
Read More »Iran Ready to Supply 3.000MW Electricity to Pakistan
The Iranian ambassador stressed the need for greater use of the capacities of the two countries.
Read More »Russia. Syria Consider Energy Sector Cooperation
This cooperation will help the normalization of the socio-economic situation in the country.
Read More »China Rejects U.S. Criticism of Relations with Venezuela
Since 2007. China has loaned more than $50 billion to Venezuela through an oil-for-loans.
Read More »Aramco’s Asia Light Oil Pricing Unchanged in Sign of Slower Demand
Growth in shale production should limit any increases in Saudi oil pricing.
Read More »