The Nord Stream 2 gas pipeline is scheduled to be put into operation in late 2019.
Read More »Oil Prices Decrease. but Concerns Persist over Iran Supplies
Surging U.S. production. which rose to 10.59 million bpd last week. has encouraged record-high U.S. exports.
Read More »NOC Discusses with BP and Eni Resumption of Oil Exploration Activities
BP signed a major exploration deal in Libya in 2007 but put its onshore plans on hold in 2014 because of security concerns.
Read More »OPEC. Non-OPEC Oil Ministers to Meet on June 23
Ministers from OPEC and non-OPEC oil-producing countries plan to meet in Vienna on June 23.
Read More »Russia is Ready to Facilitate Cooperation between North. South Korea
Russia is Ready to Facilitate Cooperation between North. South Korea.
Read More »Oil Prices Rise on Iran Sanctions Worries
Trump will decide by May 12 whether to restore the sanctions. which would probably result in a reduction of Iranian oil exports.
Read More »World Bank: Oil. Natural Gas. Coal Price will See 20% Rise in 2018
The World Bank forecast that metals prices are expected to rise 9 per cent in 2018 on the back of a pickup in demand and supply constraints.
Read More »Iraq Awards UAE. China Rights to Develop Oil in Northeast
Iraq’s 2018 budget of nearly $88 billion comes with a deficit of more than $10 billion.
Read More »Trump threat to Ditch Iran Deal Is Scaring off Oil Traders
Iran’s current exports are more than twice what they were before energy sanctions were eased in January 2016.
Read More »Iraq Issues 6 Licenses of Oil. Gas Exploration to Foreign Firms
Iraq wants to increase its crude oil production to over 5 million barrels per day (bpd) from its current production of about 4.35 million bpd.
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