OPEC and its ally Russia have cut their output since January 2017 to help reduce excessive global stockpiles.
Read More »US Sanctions on Iran to Have No Effect on Russia-Iran Deals
On May 8. US President Donald Trump announced that his country would exit the 2015 nuclear deal.
Read More »Iran Agrees to Build New Refinery for Sri Lanka
Iran’s offer comes as Chinese. Middle East and Russian companies are in ``preliminary discussions`` to build a 100.000 bpd refinery for CPC.
Read More »India`s April oil imports from Iran highest since Oct 2016
Overall. India imported 4.51 million bpd in April. 2.5 percent higher than a year ago.
Read More »Total will Quit Iran Gas Project if no Sanctions Waiver
Total holds a 50.1 per cent stake in the South Pars project.
Read More »Europe to Get Rid of US Dollar in Payments for Iranian Oil
Mogherini stressed that the sides should jointly work on the lifting of sanctions as an integral part of the historic nuclear deal.
Read More »Japan to Give Wind Power a Spin in Russia`s Far East
The experiment will see if wind power can be harnessed to cut the region'.s diesel fuel consumption.
Read More »Oil to Soar to $100. US-China Trade War Nears
Trump and his trade team have cracked down on China heavily since March.
Read More »China`s Crude Oil Futures Boom amid Looming Iran Sanctions
China took almost a quarter of Iran’s exports in 2017.
Read More »China`s Crude Oil Futures Boom amid Looming Iran Sanctions
China took almost a quarter of Iran’s exports in 2017.
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