These funds will allow Venezuela to upgrade the development of its key industry.
Read More »US Oil Surge $75 after Iran Threatened will Block Middle East Shipments
Iranian President Hassan Rouhani said: ``It has no meaning for Iranian oil not to be exported. while the region’s oil is exported"..
Read More »Oil prices Rise as U.S. Supply Tightens. Iran Sanctions Loom
Iran has warned it would not accept other producers reaping the benefits by taking its market share.
Read More »The Second Wave of US LNG Projects
In addition to demand growth. LNG supply projects have an opportunity to capture legacy demand.
Read More »S. Korea Hopes to Keep Iranian Oil Imports
The two-way trade volume totaled US$12 billion in 2017. with South Korea exporting $4 billion worth of products.
Read More »U.S. Sour Crude Sellers Cut Prices after China Tariff. OPEC Output Increase
South Korea’s second largest refiner GS Caltex has bought 4 million barrels of Mars crude in recent months. the sources said.
Read More »Algeria to Raise Oil Output by August
OPEC and non-OPEC countries decided in late 2016 to cut output by 1.8 million barrels per day to boost oil prices.
Read More »Algeria Warns Saudi Arabia. Russia against Increasing Oil Output
Moscow and Riyadh recently announced their desire to pump more oil after a relative hike in prices.
Read More »Oil-Importing Nations Need a Cartel to Counter OPEC
The U.S. is unlikely to join with China and India. though it should.
Read More »Nord Stream-2 Can Be Built without European Investment
Recently. open US pressure on those Europeans who support the project has intensified.
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