Tag Archives: International News Agency

Global benchmark Brent crude had risen 50 cents to $54.67 a barrel.

Oil prices are rising on April 7.

After the removal of sanctions in January 2016. Iran increased the oil export gradually. up to about 3 mb d in March.

Libya'.s gain means oil market pain.

Rosneft is hoping to benefit from a similar attitude to sanctions imposed over Ukraine.

NIDC has 75 drilling rigs. 68 of which are being used in the joint oilfields. namely South Azadegan.

Russia’s Energy Minister Alexander Novak said last week that it is too early to talk about an extension.

Qatar is a small but wealthy member of OPEC that generates most of its income from natural gas rather than crude oil.

The focus is now to re balance the market.

Russia plans to hold an energy dialogue meeting with OPEC in Moscow on May 31.