Both Iran’s and Venezuela'.s production woes have contributed significantly to the cartel’s over compliance to the group’s production cut quota.
Read More »Aramco Awards $18 Billion in Deals to Boost Capacity. despite OPEC Pledge to Restrict Output
Saudi Arabia. with the world’s biggest reserves of conventional crude. has long drawn on its prolific deposits to help balance global oil markets.
Read More »Iran Says Next Option is 20% Uranium Enrichment
Iran has warned its next step in reducing commitments under the 2015 nuclear deal will be stronger. with a senior nuclear official saying that 20% uranium enrichment is an option.
Read More »Minister Says He Is Aware Chinese Mining Digital Gold in Iran
Iran’s Minister for Communications and Information Technology has admitted that the ulteracheap electricity is causing the Chinese to enter the country and start mining cryptocurrencies.
Read More »US. not Iran. Threatens World`s Energy Security
Iran'.s oil minister says the world'.s energy supply is threatened by the United States. not Iran which is a major guarantor of energy stability and peace in the region.
Read More »US Proposes for Oil Refiners to Increase Role of Biofuels in Fuel Mix
The regulation aims to support the agricultural sector and reduce the country’s dependence on oil.
Read More »US. not Iran. Threatens World`s Energy Security
The US has turned from a major oil consumer into a major producer.
Read More »Oil Minister Says Hopeful Iran`s Oil Exports will Improve
China is a signatory of the nuclear deal and has condemned Washington’s decision to exit the deal.
Read More »Oil Holds above $57 as Iran Tension Arise Concern over Supply
The oil market is caught in a bind and does not know which way to go or trend.
Read More »No European Bank Introduced to Iran for Implementation of INSTEX
The Iranian special trade mechanism set up to reciprocate the European Instrument in Support of Trade Exchange. blasted Europe for procrastinating in introduction of a bank to Iran to put the INSTEX into effect.
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