Last month. 29 percent of the new car sales in the country were EVs. with Tesla deliveries soaring.
Read More »Russia`s Rosneft Aims for Big Boost in Oil Exports to China
Russian oil production has been steady. at around 10.9 million bpd due to a global pact to reduce total production by around 1.8 million bpd to support weak oil prices.
Read More »Venezuela Has Plan B to Sell Its Oil If U.S. Imposes Sanctions
PDVSA owes some US$3.5 billion to the U.S. in the next five or six weeks. according to Platts.
Read More »Saudi king`s Visit to Russia Heralds Shift in Global Power Structures
Vladimir Putin hopes first official trip by Saudi monarch to Moscow will seal powerful new alliance centered on oil and conflicts in the Gulf states.
Read More »ADNOC Plans Further Oil Output Reduction
For the first quarter of 2017. according to OPEC figures. ADNOC pumped an average 2.935 million bpd and in the second quarter. it produced 2.91 million bpd of crude.
Read More »Iran Looks at New Gas Ventures
Iran is currently producing about 880 million cubic meters a day of natural gas.
Read More »Iran Prevents Exports of 13.000 Tons of Fuel to Iraqi Kurdistan Region
The organization has communicated the order to all the related companies since Wednesday. September 27.
Read More »Russia. China to Benefit from U.S. Sanctions On Venezuela
Chinese companies have moved into Venezuelan upstream activities as well. However. here the primary play has been to control oil export revenues.
Read More »Saudis See Economy Shrink in Spite of Higher Oil Prices
In this context. the IPO of Aramco becomes even more essential for Prince Mohammed’s diversification plans.
Read More »Azar. Azadegan Joint Oilfield Have Stabilized Production
Azar oilfield in Ilam Province has pumped over 4.5 million barrels of crude oil since it went into operation.
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