Iran is OPEC’s third-largest producer. providing more than 2 percent of global oil output.
Read More »Libyan Oil Output could have Stabilizing Effect on Markets
Libya has northern Africa'.s largest proven reserves of oil - at 48 billion barrels.
Read More »U.S. Sanction Waivers Increase China’s Demand for Iranian Oil
China’s total crude oil imports in October hit a record-high.
Read More »US Imposes Sanctions on Russian. Syrian and Iranian Companies
The Russian parliamentarians already announced that Moscow will continue fulfilling its commitments with Syria.
Read More »Trump: Breaking with Saudi Arabia would Send Oil Prices `Through the Roof`
Saudi Arabia and its allies are now considering cutting output by 1 million to 1.4 million barrels per day.
Read More »The Oil Price under the Control of Just Three Men
As oil prices have headed south. Saudi Arabia said it would cut exports by 500.000 bopd next month.
Read More »Oil Producers Not To Cut Output
Surging production from the world’s biggest oil producers have more than offset Iranian and Venezuelan supply losses.
Read More »Iraqi Kirkuk Oil Exports May Reach Up to 400.000 bpd
The increase in the volume of this export will take place in several stages.
Read More »Omnidirectional urban wind turbine takes out 2018 James Dyson Award
The O-Wind Turbine has taken out the UK£30.000 (US$39.000) first prize in this year'.s James Dyson Awards. This crooked. vented spherical device is designed to hang from skyscraper balconies and generate electricity in the chaotic wind conditions of a high
Read More »US Sanctions S. African over N. Korea Ties
The sanction freezes any property or interests of the designated individual within the US or in possession of US citizens.
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