Iran'.s own data submitted to OPEC pointed to bigger cuts.
Read More »BP CEO: Venezuela Is Main Geopolitical Concern for the Oil Industry. not the Middle East
The Venezuelan economy has been in recession for four years. where food shortages. the lack of U.S. dollars and the depreciation of its own currency. has sent inflation soaring.
Read More »OPEC Head Says Oil Cuts `Only Viable Option` to Stabilize Market
Output cuts by OPEC and other producers such as Russia and Oman have started to pay off.
Read More »Oil Markets Cautious on Middle East Tensions. Increased U.S. Drilling
U.S. oil producers have raised output C-OUT-T-EIA by more than 14 percent since mid-2016 to a record 9.62 million barrels per day.
Read More »OPEC Concedes That U.S. Shale Won’t Die
The group sees U.S. shale fizzling out after 2025. leaving OPEC once again in charge.
Read More »ADIPEC 2017 Opens Tomorrow. World Energy Leaders to Meet in Abu Dhabi
For the first time. the exhibition and conference will include the downstream petroleum industry.
Read More »Saudi Suspends Oil Supply to Bahrain after Oil Pipe Explosion
An oil pipe exploded in Buri village in Bahrain on Friday night.
Read More »Petronet Looks to Buy Stake in Qatari LNG Projects
Petronet operates a 15 million tonnes per annum terminal at Dahej in Gujarat for import of LNG.
Read More »Saudi Arabia Remains Committed to Climate Accord
Khalid al-Falih’s statement came as almost 200 countries started talks in Germany to bolster a global climate accord that the United States plans to quit.
Read More »Masdar Chief Urges Saudi Arabia to Tap Wind Energy
Masdar has invested about 10 billion dirhams ($2.7 billion) in projects worldwide.
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