The World Bank forecast that metals prices are expected to rise 9 per cent in 2018 on the back of a pickup in demand and supply constraints.
Read More »Iraq Awards UAE. China Rights to Develop Oil in Northeast
Iraq’s 2018 budget of nearly $88 billion comes with a deficit of more than $10 billion.
Read More »SOCAR and BP Sign New Production Sharing Agreement
Block D230 lies some 135 kilometres (84 miles) north-east of Baku in the Caspian Sea.
Read More »Trump threat to Ditch Iran Deal Is Scaring off Oil Traders
Iran’s current exports are more than twice what they were before energy sanctions were eased in January 2016.
Read More »Iraq Issues 6 Licenses of Oil. Gas Exploration to Foreign Firms
Iraq wants to increase its crude oil production to over 5 million barrels per day (bpd) from its current production of about 4.35 million bpd.
Read More »Venezuela Enters New Phase of Crisis
Venezuela’s oil production has declined to just 1.488 million barrels per day (mb d) as of March.
Read More »Iran Says Oil Exports to India Are Not Dropping
Iran’s total export of crude oil and gas condensate is now more than 2.5 million barrels a day.
Read More »Water Crisis in Iran
The water crisis is already seriously affecting living conditions as well as resources and agriculture.
Read More »India Create Network with Asia`s Oil Buyers
All the four major Asian economies should come together and India will try to create a network for that within the four countries.
Read More »BP Names Oil Industry Veteran Helge Lund as Chairman
Norwegian previously ran Statoil and BG Group.
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