Move follows pressure from US as prices breach $80 a barrel.
Read More »US Natural Gas Global Rise
The IEA said 80 percent of the growth in demand expected between now and 2040 should come from emerging markets. China and India chief among them.
Read More »OPEC may Decide to Ease Oil Supply Curbs in June
Concerns raised by the United States that oil prices were too high also made the exporting group start internal discussions.
Read More »OMV to Maintain Cooperation with Iran
OMV is an international. integrated oil and gas company. headquartered in Vienna.
Read More »Iran’s Non-Oil Exports Increase in Two Months
The value of non-oil exports during the period from 21 March to 21 May. has reached $7 billion. which means a rise of 25 per cent.
Read More »Oil Decrease as Market Eyes Possible Easing of OPEC Supply Curbs
The United States is actively considering oil sanctions on Venezuela.
Read More »American Oil Boom Tempting Ships to Steer Clear of Iran
The US is shipping record amounts of crude following the end of an export ban in late 2015.
Read More »Iran`s Light Crude Closes to $74 per Barrel
On May 8. US President Donald Trump announced his country'.s exit from Iran nuclear deal. saying Washington will reinstate the unilateral sanctions on Iran within 90 to 180 days.
Read More »India Oil Imports from Iran Rose to Highest Level since October 2016
Iran and the major world powers in 2015 signed the nuclear agreement. under which Tehran agreed to curb its nuclear program in exchange for economic sanctions relief.
Read More »India Turn to Traditional Suppliers to Meet Iran Oil Shortfall
IOC is Iran’s biggest Indian oil client.
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