The JCPOA is not a mutual agreement [but] is a multilateral agreement.
Read More »OPEC. Non-OPEC Producers Meet to Discuss Compliance with Oil Cut Deal
Kuwait chairs the five-member committee which also includes Algeria. Venezuela. Russia and Oman.
Read More »Trump’s Pledge to Break from OPEC Echoes Old Refrain
Trump’s goal may not be completely unobtainable as US oil production has been on the rise and signs point toward possible energy independence.
Read More »Schlumberger Waiting for Rise in Global Oil Spending
The world’s largest oilfield service provider sees international spending picking up in the second half of the year and into 2018.
Read More »Plan to Inject Gas into New Centrifuge
This development will increase Iran’s capability to enrich uranium.
Read More »Key JCPOA Players: Support the Deal
EU foreign policy chief. Federica Mogherini. who facilitated the agreement. praised the deal as a major achievement.
Read More »Iran-Iraq Gas Pipeline Goes into Operation
The deal involves Iranian supplies between 20-25 million cubic meters of gas to Iraq.
Read More »Oil Prices Raised
Higher crude oil and gasoline stocks in the United States weighed on prices on Friday.
Read More »Output Deal Will Help Stabilize Global Economy
In November 2016. OPEC agreed to cut oil production by 1.2 million barrels per day to 32.5 million bpd.
Read More »China Postpone Plan to Launch Shanghai Crude Futures
Asia is becoming the world'.s biggest oil consuming region.
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