US crude is on track for a drop of more than 7% this week. its biggest weekly fall for five months.
Read More »Falih: No Free Ride for US Shale Producers
There are concerns that the glut could persist because shale supply.
Read More »Despite Sanctions Relief. Shell Still Cool on Iranian Oil Buys
Shell said in its annual report it had bought only three cargoes of Iranian oil over the past year.
Read More »Iran and Iraq to Ramp Up Oil Production Despite OPEC Cuts
According to the IEA. Iraq will increase its output to 5.4 million barrels per day by 2022.
Read More »OPEC. Russia Show Unified Front on Crude Supply Cuts
Many of the questions revolved around the fact that there is so much inventory remaining.
Read More »Gazprom Neft Finalize Plan for Iranian Oil. Gas Projects
The NIOC has published a list of foreign companies declared as eligible for bidding in tenders.
Read More »US Pledges Strictness on Iran Nuclear Deal
Iran'.s stockpile of low-enriched uranium was 101.7 kg. well below the agreed level of 300 kg.
Read More »MP Explains Implications of US-IAEA Talks for JCPOA
Amano met US Secretary of State Rex Tillerson in Washington last Thursday.
Read More »Brent Below $56
US crude stocks rose by 11.6 million barrels last week.
Read More »Turkey to Conduct Seismic Exploration in Mediterranean. Black Sea
Two vessels will carry out 2D and 3D seismic exploration work.
Read More »