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Russia has been in full compliance with its pledge to gradually cut its oil production.
Read More »U.S. Oil Prices Rise due to Tighter Supply
Aramco Plans to Ramp Up Refining Capacity in Asia
Aramco is also expanding its refining investments in China.
Read More »Oil Holds Gains on Signs of Shale Slowdown as OPEC Output Falls
Oil has rebounded this year as OPEC’s production cuts have taken effect.
Read More »European Buyers Stop Buying Venezuelan Crude
In Europe. PDVSA trades with Spain’s energy major Repsol. commodity traders Trafigura and Vitol.
Read More »Oil Hits $63 on Venezuela Sanctions. OPEC
The U.S. sanctions on Venezuela will limit oil transactions between Venezuela and other countries.
Read More »Dubai Home to First Solar-Powered Hydrogen Facility in Mena
The move is the latest involving Siemens in the GCC.
Read More »Rosneft will Invest in Iraq’s Kurdistan amid Crisis
The total recoverable oil reserves at five blocks may amount to 670 million barrels.
Read More »Russia Needs Legal Guarantees from EU to Start Work on Turkish Stream
The pipeline’s offshore section is expected to equal about 910 km.
Read More »Iran Ready for Constructive Engagement with Europe
EU foreign policy chief Federica Mogherini has also welcomed the INSTEX.
Read More »Saudi Aramco. Total Sign MoU to Build Polyisobutylene Facility
This specialty chemical project will be part of the large-scale petrochemical complex of Amiral. located in the value park.
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