Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
The OPEC Russia deal for crude oil production cuts could extend beyond 2018.
Read More »Al-Mazrouei: OPEC Deal could Extend Beyond 2018
U.A.E: OPEC Is Committed to Supply Cuts Through 2018
Oil demand showed surprising growth in 2017.
Read More »UAE. Kuwait Target June for Talks on Phasing Out Oil Cuts
The global agreement to limit production is making progress in re-balancing supply and demand for oil.
Read More »Exit Strategy may Prove more of a Challenge for Oil Producers
Russia. the largest producer outside the group. is keen to exit as soon as possible.
Read More »Exit Strategy of Global Cuts to be Discussed before June
Under the current deal the producers are cutting supply by about 1.8 million barrels per day (bpd).
Read More »World Oil Market may Reach Full Stability in 2018
The Declaration of Corporation’ by Opec and non-Opec participating countries gave hope and stability to the market at a very critical time.
Read More »2 Gulf Oil Ministers Mum on Issue of Oil Production Cuts
Both OPEC and non-OPEC members are expected to continue the cuts into 2018 to help keep prices rallying.
Read More »Iraq and Kuwait Near Agreement on Price for Gas Exports
Iraq hired Japan’s Toyo Engineering to help build the project.
Read More »OPEC Deal Extension May Be Unnecessary
The current reduction deal is sufficient to achieve the desired purpose.
Read More »OPEC to Discuss Ending or Extending Production Cut in November
OPEC will discuss at a meeting in November whether to extend or end production cuts.
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