The OPEC+ joint ministerial monitoring committee. known as JMMC. meets on Thursday in Abu Dhabi on the sidelines of an energy conference.
Read More »OPEC Cuts 2020 Oil Demand Forecast
The demand for OPEC crude will average 29.40 million barrels per day next year.
Read More »Iraq will Drill 20 Oil Wells in the South
This project will open the door to provide employment opportunities for the Iraqi labor in Dhi Qar province.
Read More »Russia Constructs Second Gas Pipeline to China
Spot gas prices in the EU have more than halved. falling from $250 per thousand cubic meters last autumn to $110-120 in summer 2019.
Read More »Iraq will Reduce Oil Production to Comply with OPEC Demands
Iraq is on track to produce nearly six million barrels of crude per day by 2030.
Read More »US Not Ruling Out Sanctions on Russia`s Rosneft over Venezuelan Oil Trade
Rosneft has responded to the US statement about possible sanctions due to oil purchases from Venezuela.
Read More »EU Awards €10.6m to Scale Up Highly Efficient Solar Modules Production
Swiss start-up Insolight’s technology is said to have achieved an efficiency of 29% during tests in the pre-production phase.
Read More »S. Korean Co. Assisting INSIG with Installation of Machinery
CEO of Iran National Steel Industrial Group (INSIG) said that the Iranian group has resumed installation of hydrostatic pipe testing machine with the help of the South Korean Myung Jin Machinery (MJM).
Read More »Top Major Producers will Consider Fresh Cuts as Trade War Hits Prices
The oil market has become highly sensitive to the US-China trade war.
Read More »China will Invest $280bn in Iranian Oil Sector
China’s investment in Iranian oil and gas industry has been put at the focal attention amid trade war between China and US.
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