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Iran exported the equivalent of 2.5 million barrels a day in April.
Read More »Oil Markets Seeks Alternatives as US Sanction on Iran Hit
Crude Oil Is Doing Something It hasn`t Done in Years
Fears of a global economic slowdown could be behind the rare move.
Read More »Turkey and Azerbaijan Strengthen Energy Cooperation
The new refinery will supply 4.8 million tons per year of diesel.
Read More »Europe Eyes on Libya and Nigeria to Keep Oil under $100
After Gaddafi’s ouster. oil was intended to lubricate the reconciliation process.
Read More »Libya Expects Output to Reach Qaddafi-Era Levels
North African country aims to reach a target of 1.6 million barrels a day from 1.25 million barrels currently.
Read More »Germany Releases Strategic Fuel Reserve to Cope With Record Drought
Record-low water levels in the Rhine have severely disrupted oil shipments across the country.
Read More »Venezuela has the Biggest Crude Oil Reserve in the World
Tthis country is the biggest in terms of crude oil reserves.
Read More »Brent stable after hefty losses as Iran sanctions return to focus
Brent crude prices stabilized on Wednesday after heavy losses the day before. with looming U.S. sanctions against Iran back in focus.
Read More »Oil Addiction Weakness China as a Superpower
In its Gas 2018 annual report. the IEA said Chinese demand for natural gas will rise by almost 60 percent between 2017 and 2023 to 376 bcm.
Read More »Khashoggi’s killing has Put Saudi Arabia in Crisis
Following the incident. the kingdom has been attacked by international governments and leaders.
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