The IEA estimates that U.S. crude oil is expected to rise until reaching a peak in the 2020s of about 17 million bpd.
Read More »A World in Transformation: World Energy Outlook 2017
WEO-2017 finds it is too early to write the obituary of oil.
Read More »Aramco CEO: IPO Preparations Ongoing. No Decision on Venue Abroad
After extensive studies of other international stock markets. the ``right`` decision on the international venue will be taken ``at the right time``.
Read More »Mitsui to Build Large LNG-Fired Power Plant in Bangladesh
It is expected to become the biggest power station in Bangladesh behind the 2.4GW Rooppur Nuclear Power Plant which is being built in Pabna District by a Russian firm.
Read More »South Azadegan Output to Reach 100.000 bpd
The field'.s current output. which stands at 80.000 bpd. will increase by 20.000 bpd as soon as the 13 newly-drilled wells go on stream.
Read More »First Phase of Khazzan Gas Field Inaugurated
The Khazzan tight gas reserves lie at depths of up to five kilometres in narrow bands of extremely hard. dense rock.
Read More »Baghdad Targets 1 Million bpd Output for Kirkuk Oilfields
According to results announced by the KRG. nearly 93 percent of registered voters cast ballots in favor of independence.
Read More »OPEC Points to Larger 2018 Oil Supply Deficit as Market Tightens
OPEC and its allies are discussing extending their supply pact for as long as nine months.
Read More »Some Traders See $80 Crude before Christmas
A total of 48.000 contracts have traded over the last few days that would profit most if Brent spikes before Christmas.
Read More »Iran Petchem Capacity to Rise 10m Tons by March
Iran is willing to accelerate the development process of its petrochemical industries.
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