Russia has been a ``great partner`` in the cuts agreement.
Read More »IEA Executive Director visits OPEC Secretary General at Vienna Headquarters
OPEC’s Secretary General has been a strong advocate of advancing dialogue and cooperation among producers and consumers.
Read More »OPEC Crude Production Drops to Lowest in a Year
Output from Saudi Arabia. OPEC’s de-facto leader and its biggest producer. fell 10.000 bpd from February to 9.87 million.
Read More »China Imposes Tariffs on U.S.-Made Pipeline Materials
The Chinese tariffs are seen as retaliation to last month’s U.S. tariffs on imported steel and aluminum.
Read More »Iraq`s Government Announces Plan to Decrease Oil Dependency
Baghdad depends on the oil sector for more than 90 per cent of its revenue.
Read More »Russia Increases Supply of LNG to Japan
A plan of bilateral cooperation of eight points was proposed by Japanese Prime Minister Shinzo Abe during his visit to Russia in May 2016.
Read More »Russia’s Zarubezhneft can Transfer Capital to Iran via European Banks
There are many banks in Russia that have established fair relationship with Iran.
Read More »Saudi Arabia to Cut May Crude Prices to Asia
State oil giant Saudi Aramco sets its crude prices based on recommendations from customers.
Read More »China Hints at Early ‘Petro-Yuan’
The Chinese plans to pay in yuan for oil are at early stages.
Read More »The US Can Breathe Easy on Russia-OPEC Deal
Moscow and Riyadh must first resolve those substantive issues before they can hammer out an oil deal that truly matters.
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