Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Members of OPEC and non-OPEC countries participating in a supply-reduction agreement are on course to reach 100 percent compliance.
Read More »OPEC Urges Producers to Increase Oil Capacities
Moscow Hopes to maintain Stability in Oil Market
Russia and Iran are in permanent contact which will help reinforcing cooperation in all levels of trade ties especially in energy sector.
Read More »India Oil Demand to Rise by 5.8 Million bpd by 2040
Global oil demand is expected to increase by 14.5 million bpd from 2017 to 111.7 million bpd in 2040.
Read More »Clean Energy Installations could Provide 1TW more Power by 2023
Renewable growth will be largely driven by China. which is predicted to be responsible for 41% of expansion.
Read More »U.S. Gulf of Mexico Oil and Gas Output Increasing after Hurricane
Offshore production in federal waters of the U.S. Gulf of Mexico accounts for 17 percent of total U.S. crude output.
Read More »Libya’s NOC to Close Refinery if Security Violations Continue
Libya is currently producing 1 million bpd of oil on average and plans to increase output.
Read More »Oil Rises as Saudi Arabia Threatened to Retaliate any Sanctions
Crude has retreated more than 5 percent after reaching a four-year high earlier this month.
Read More »Russian. Iranian Energy Ministers Discuss Oil Output Cut Deal
The meeting is about the possibility of further oil output regulation.
Read More »Missing Saudi Journalist Is Creating Major Worries around the Oil Market
The stock market in Saudi Arabia plunged on Sunday. and analysts believe oil could be the next to be affected.
Read More »IEA Cuts Oil Demand Forecasts. Expects Prices Staying High
The IEA cut its estimate for global oil-demand growth for both 2018 and 2019.
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