Russia has budgeted much lower prices than the current ones for 2019.
Read More »Persian Gulf War could Send Oil Prices beyond $325 a Barrel
China and India now account for about a fifth of global strategic reserves.
Read More »OPEC Design to Grasp Market Share from Shale
It looks like the cartel aims for higher oil prices now and will think of regaining market share later.
Read More »Iranian Oil-Laden Tanker Seized by UK Marines off Gibraltar Was Not Bound for Syria
Tehran has summoned the UK'.s ambassador to Iran over the incident. calling the seizure a form of piracy.
Read More »Second Turkish Drilling Ship Stokes EU Tensions
Turkey’s first drilling vessel. Fatih. has already started searching for gas and oil in waters considered part of Cyprus’s exclusive economic zone.
Read More »A Major Breakthrough in Biofuels Technology
At present. standard biodiesel is produced by transistorizing vegetable oils or animal fats.
Read More »Iran`s Non-Oil Trade with OECD at $23b
Imports stood at 13.8 million tons worth $16.89 billion. down 16.72% and 23.29% in tonnage and value respectively YOY.
Read More »Russia Condemns UK for Seizing Iranian Oil Supertanker off Gibraltar
Iran has condemned the move as ``maritime piracy`` and summoned Britain’s ambassador in protest.
Read More »U.S. Oil Rig Count Falls despite Rising Production
US production rose slightly for week ending June 28 to 12.2 million bpd. 200.000 bpd down from the all-time high of 12.4 million bpd.
Read More »Syria. Iraq and Iran Sign Minutes for Cooperation in Domain of Comprehensive Transport
The minutes include forming a central committee for the tripartite cooperation.
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