Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
China is the top buyer of Iranian oil and nearly all its oil payments go through Kunlun Bank.
Read More »US Weighing Extension of Iran Oil Waiver after China`s Defiance
External Restrictions. Decline of Oil Prices Restrain Russia’s Development Plans
Russian authorities are trying to pursue ".a very balanced. realistic policy. to ensure macroeconomic stability.
Read More »Saudi Aramco Restarting Preparations for Mega IPO
The IPO project was first announced in 2016 as the cornerstone of the Vision 2030 plan to modernise the Saudi economy.
Read More »Oil Plunges to $62 despite OPEC’s Output Cut Extension
The meeting decided that the next OPEC and non-OPEC Ministerial Meeting would convene in Vienna. Austria. on December 6. 2019.
Read More »Iran’s Oil Minister Warns Russia-Saudi Alliance could Kill OPEC
Tehran has no problem with reducing global crude production.
Read More »Nigeria’s Largest Oil Independent to Spend $5 Billion to Boost Output
Nigeria’s largest independent oil producer plans to spend as much as $5 billion to boost its oil and natural gas production in the next five years.
Read More »Next OPEC+ Session will be Held in Vienna on December 5-6
OPEC member countries discussed the issue of cutting oil production at the session on July 1.
Read More »Saudi Arabia may Cut August Crude Oil Prices to Asia
State oil giant Saudi Aramco sets its crude prices based on recommendations from customers.
Read More »Russia Is Overcomplying With OPEC Production Quota
Russia’s oil production averaged 11.126 million bpd between May 1 and 26.
Read More »OPEC Re-elects Nigeria’s Barkindo as Sec-Gen
Mr Barkindo was first elected as Secretary General of the bloc in 2016.
Read More »