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Novak was a key driver of the push for Libya and Nigeria. whose surging production earlier this year helped to crash oil markets.
Read More »Putin’s Mr. OPEC Becomes an Oil Market Player
ExxonMobil. Petrobras form strategic alliance
Petrobras and ExxonMobil have signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities.
Read More »Iran’s NIOC Inks Co-Op Documents with Gazprom
Both documents reflect the willingness of the parties to cooperate along the entire production chain.
Read More »Exit Strategy may Prove more of a Challenge for Oil Producers
Russia. the largest producer outside the group. is keen to exit as soon as possible.
Read More »Sri Lanka Interested in Buying Oil from Iran
Iran and Sri Lanka enjoy long-lasting experience in political. economic and diplomatic cooperation.
Read More »OPEC Outlook Sees US Influencing Global Crude Markets until 2025
Producers in the Middle East. most of which are OPEC members. have supplies that are relatively less expensive to produce.
Read More »Booming of Middle East Tensions
The region is seconds away from a full-blown catastrophe.
Read More »Saudi’s SABIC to Open Office in Iraq
Saudi Arabia and Iraq are respectively the biggest and second biggest producers of OPEC.
Read More »Tehran Calls on Turkish Private Sector for Cooperation in Energy Projects
The experts attending the conference highlighted that Turkey and Iran are about to start significant energy cooperation.
Read More »OPEC Nations must Speed up Reforms to Break from Dependence on Oil
U.S. shale oil producers could increase production if oil prices rise.
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