At the current price of USD 70 per barrel. the annual value of global oil output is USD 2.5 trillion.
Read More »US will Add 34 of Venezuelan State Oil Firm`s Vessels to Sanctions List
The United States has already slapped Venezuela'.s state oil producer PDVSA with punitive measures.
Read More »Amano Reaffirms Iran`s Compliance with Nuclear Deal
IAEA inspectors have full access to all locations required to verify the deal'.s implementation.
Read More »Trump Issues New Permit for Keystone XL Pipeline Project
The 36-inch diameter pipeline project is planned to begin at Hardisty in Alberta province.
Read More »US Appreciates India`s Efforts to Cut Oil Imports from Venezuela
The US. along with 50 other countries recognized Guaido as the legitimate President.
Read More »Trump`s Plan to Preserve Benefits for Oil Drillers in Future
The Trump administration is seeking to sign contracts leasing new coastal waters for oil drilling under favorable terms.
Read More »Asia Remained Top U.S. Oil Buyer in 2018
China passed on U.S. crude for much of the second half of last year amid a series of tit-for-tat tariff measures.
Read More »EU Plans to Set Up Nuclear Security Center in Iran
The European Union plans to establish a nuclear security center in Iran.
Read More »LNG`s Big Role In U.S.-China Trade Deal
LNG prices in Asia have been in a steady decline in recent days and weeks.
Read More »New Maritime Measures Threaten to Rock Oil Industry’s Boat
Environmental lobbyists say the air quality around ports and refineries is among the dirtiest on the planet.
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