Iran has no plans to leave OPEC.
Read More »OPEC Close to Agreeing Oil Pact Extension
OPEC was close to agreeing to extend a pact on cutting oil supplies beyond June.
Read More »German FM to Travel to Iran Next Week to Discuss JCPOA
Germany’s Foreign Ministry says the country’s top diplomat Heiko Maas is to travel to Tehran next week to address ways to save the 2015 nuclear agreement between Iran and six world powers.
Read More »China’s Limitless Demand for Gas
China is pushing away from fossil fuels and setting extremely lofty goals for decreased carbon emissions in the very short term.
Read More »Global Gas Demand will Grow at 1.6% per Year until 2024
Domestic demand in the United States. the Middle East and North Africa. would contribute to the growth in demand.
Read More »Putin Highlights Differences with Saudis as OPEC Decision Looms
A year ago. in the enduring twilight of one of St. Petersburg’s famous white nights of summer. Saudi Arabia and Russia reached an agreement that set a new direction for the oil market.
Read More »Oil Sinks Into Bear Market as U.S. Storage Jumps Most Since 1990
West Texas Intermediate crude entered a bear market and Brent tumbled below $60 after U.S. petroleum inventories ballooned. raising fears of a glut as trade disputes threaten demand.
Read More »PetroChina Starts 10-mln-tonne Refining Expansion Project
The PetroChina subsidiary is the only refining company that directly provides aviation fuel for Beijing Daxing International Airport.
Read More »Iberdrola will Build the Largest Solar Power Plant in Europe
Currently. the largest solar park in Europe is in France and has a capacity of 300 MW.
Read More »Russia Sees $60 Oil Satisfactory
Due to the production cuts. Russia’s economy is expected to grow by just 1.2 percent in 2019.
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