Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Oil turns higher as dollar moves. looming decision on Iran sanctions tug at market.
Read More »Oil Market is Awaiting Trump Decision on Iran’s Nuclear Program due May 12
IMF Warns Arab States over Complacency over Debt
MENA countries need to create 25 million new jobs over the next five years.
Read More »European Petrochem Giants Seek Cooperation with Iran
Iran and six major powers signed the nuclear agreement in July 2015 and started implementing it in January 2016.
Read More »NASA Completes Full-Power Tests of Small. Portable Nuclear Reactor
It could generate power for distant. long-term space travel.
Read More »IMF: Middle East Oil Importers to Beat Exporters in Growth Recovery
The good news of this recovery this year is that the outlook is positive for both oil-importing countries and oil-exporting countries.
Read More »Saudi Arabia`s economic Renovation is still Dependent on Oil Prices
Middle Eastern oil exporters had to constrain government spending in recent years after crude prices slid in 2014.
Read More »Russia Complies with OPEC Oil Output Cut Quota by 95.2% in April
Russia committed to reduce oil production by 300.000 barrels a day. had been gradually heading towards this level since early 2017 and reached this level last May.
Read More »Sinopec Plans to Cut Saudi Crude Oil Volumes for Second Month in June
Saudi prices set the trend for Iranian. Kuwaiti and Iraqi prices. affecting more than 12 million bpd of oil bound for Asia.
Read More »Kuwait Oil Minister Says OPEC not Discussing Prices
OPEC focus on market stability and managing surpluses that have a big impact on inventories in global markets.
Read More »Oil Steady on Iran Sanction Worries. Surging U.S. Supplies
U.S. crude inventories rose by 3.4 million barrels to 432.575 million in the week to March 27.
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