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Iran is now offering to insure oil cargoes to India after some insurers stopped providing the service in the face of the impending sanctions.
Read More »India Loaded 12 Percent Less Iranian Oil in June than in May on Sanctions Fear
High Oil and Gas Prices Sends U.S. GDP Soaring
Not only is U.S. shale production growing. but the shale industry as a whole is expected to become profitable this year for the first time in history.
Read More »Oil Prices Drop on Oversupply Concerns as OPEC Output Increased in July
OPEC hiked production by 70.000 barrels per day (bpd) to 32.64 million bpd. the most this year.
Read More »South Korea Plans to Lower LNG Tax for Power Generation
S.Korea has favoured coal and nuclear power to generate cheaper electricity and to ensure stable power supply.
Read More »Turkey does not Intend to Reject Iranian Gas because of US Position
Erdogan confirmed on July 25th that its country will not take part in sanctions against Iran.
Read More »OPEC Oil Production Jump to a 2018 High in July
OPEC’s crude oil production rose by 70.000 bpd from June to stand at 32.64 million bpd in July.
Read More »TANAP Receives €5 Million in Support from EC
Since 2014. TANAP received €15 million in total from European Union programs.
Read More »Oil-for-Gold Trade with Africa Solution for US Banking Sanctions
Iran exports a wide range of oil products to Ghana including tar and various kinds of industrial oil.
Read More »The EU. U.S. LNG Deal Won’t Work
During the Cold War. Russia built an extensive network of pipelines in Eastern Europe.
Read More »Oil Ministry Limits Senior Managers to Serving Four Years
The limits will go into effect as the U.S. prepares to reimpose sanctions on Iran beginning Nov. 4.
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