Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Russia first joined forces with OPEC to exert more control over international oil prices in late 2016.
Read More »Sechin Wants Russia to Quit OPEC Deal
Europe`s Gas Dilemma: Buying from Russia or other Competitors?
Russia has held a decades old gas supply monopoly. dating back to the end of World War II. in Europe.
Read More »Japan will Enhance its Energy Cooperation With Russia
Japan relies heavily on imports from the Middle East.
Read More »India Surpasses China in Increasing Oil Demand
OPEC forecasts India'.s crude oil demand will expand to 5.8 million barrels per day by 2040.
Read More »BP Bows to be Consistent with the Paris Climate Agreement
The additional reporting specified in the resolution will build on BP’s history of progressive action in this area.
Read More »Oil Rise on Venezuela Sanctions
The sanctions aim to freeze sale proceeds from PDVSA’s exports of roughly 500.000 barrels per day (bpd) of crude oil to the United States.
Read More »Saudi Arabia will Attract over US$425 Billion in Investments for Vision 2030
In late 2017. the kingdom announced plans to build the US$500 billion NEOM mega city in the northern Red Sea.
Read More »Oil prices steady. Concerns Rise over Supply Disruption
The sanctions aim to freeze sale proceeds from PDVSA’s exports of roughly 500.000 barrels per day of crude to the United States.
Read More »Venezuelan Crisis Has Zero Impact on Oil Market
Russia and Saudi Arabia have been steadily developing economic cooperation over recent years.
Read More »Increase in US Rig Count Weighs on Oil
China is trying to stem the slowdown with aggressive fiscal stimulus measures.
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