Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
OPEC and its partners agreed in December to output cuts of 1.2 million barrels a day.
Read More »OPEC Mulls Two Scenarios to Adjust Oil Production
OPEC+ Job Isn’t Done as Oil Inventory Rising
The global inventories particularly in the U.S. inventories are high and are still rising.
Read More »Exxon Mobil Foreign Staff Evacuation Has Nothing to Do With Threats
Exxon Mobil withdrew all of its foreign staff. which amounted to around 60 people.
Read More »Slight Changes to Nord Stream 2 Timings Possible
Nord Stream 2 has come under fire from the United States and several eastern European.
Read More »Russia’s Largest Petrochemical Project Declared Unprofitable
Rosneft has abandoned its plans to invest in the Eastern Petrochemical Complex (EPC) in the Far East.
Read More »Saudi will Supply an Extra 2 Million Barrels a Month to Indian Oil Corp from July
India had bought about 300.000 barrels per day (bpd) of Iranian oil under the six-month U.S. sanctions waiver.
Read More »Oil Stocks still Building. but OPEC will Act If Needed
OPEC will not decide on output until late June when the group is due to meet.
Read More »OPEC+ Should Keep Oil Cuts. Even with Supply Risks Ahead
OECD oil inventories as of March stood 22.8 million barrels above the five-year average.
Read More »Exxon Mobil Evacuates Foreign Staff Out of Iraqi Oilfield
The evacuation has not affected production at the oilfield.
Read More »Austria Confident Country Will Be Able to Implement Nord Stream 2 Project
The completion of the Nord Stream 2 gas pipeline construction and the start of its operation can be delayed until the second half of 2020.
Read More »