Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
The oil market has been driven in recent years by a surge of non-OPEC production that has outstripped demand.
Read More »Geopolitical Tensions won`t Lead to Oil Market Shock
IEA Sees well Supplied Oil Market despite Slower US Supply Growth
Saudi Arabia cut crude production to 9.68 million b d from 9.88 million b d in November.
Read More »Iraq`s Oil Supply Vulnerable amid Mideast Tensions
Iraq’s fragile security situation may limit its plans to expand oil-production capacity in the medium-term.
Read More »Climate Commitments Needed to Head off Threats of Volatility and Instability
There is a concern that divestment from the industry will lead to critical resources not being developed.
Read More »India`s Oil Demand Growth Set to Overtake China by mid-2020s
China’s demand growth is likely to be slightly lower than that of India by the mid-2020s.
Read More »African and South American Sustainability Leaps and Bounds Ahead of EU
The report notes while many EU countries are struggling to reach their 32% renewable energy usage target by 2030. nations such as Paraguay and the Democratic Republic of the Congo are already producing 100% renewable energy.
Read More »China’s Clean Energy Switch is Driving Natural Gas Demand
China is seeing significant growth in demand for natural gas as the government encourages a switch from coal to cleaner energy.
Read More »Oil Market will Remain Oversupplied despite OPEC+ Pact
The biggest reduction is expected to be in U.S. shale output.
Read More »Shale still Challenging OPEC’s Output Strategy
The key mathematics of US shale oil growth have become more challenging. partly because of the rapid growth achieved in 2018.
Read More »India`s Oil Demand to Double in Next Two Decades
The Indian government has been engaged in a major effort to introduce electric vehicles and use renewable energy for transport.
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