The idea to bump output has been advocated by Saudi Arabia and Russia.
Read More »OPEC. Non-OPEC Producers Arrange to Boost Oil Output
The group equally stated they will meet again on December 4. 2018 to review their decision and its impacts on the market.
Read More »Oman Continue Iran Gas Pipeline
The governments of Iran and Oman signed an agreement in 2013 for the construction of the 400-kilometre pipeline.
Read More »Libya`s NOC Confirms LNA Control of Oil Ports
Libya’s national oil production has dropped to between 600.000 and 700.000 bpd due to the closure of the ports.
Read More »China’s Offshore Wind Power Ranks 3rd in the World
Construction cost will also be a factor that decides the future offshore wind power market in China.
Read More »India to Go Back to Payment in Rupees
India imports around 10% of its crude oil requirement from Iran.
Read More »Iran doesn’t Believe Oil Customers to Get Sanctions Waivers
The request to halt Japanese imports signals a tougher stance than in 2012.
Read More »John Bolton Heading to Russia to Discuss Potential Trump-Putin Meeting
On June 10. the Russian president confirmed he was ready to meet with Trump as soon as Washington was ready for the summit.
Read More »OPEC Members Increase Oil Production to Cool Down Rising Prices
The major producers appear to have consumers’ interests in mind more than they have in the past.
Read More »US Sanctions have no Effect on Iran-Iraq Oil Swap
Iran started swapping oil with Iraq’s Kirkuk on June 3.
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