US shale output is expected to reach 16.9 million bpd in 2024.
Read More »Upcoming OPEC Meeting to Discuss Output Reduction
OTC had so far been awarded €3.6 billion in projects which had been fully delivered.
Read More »Bourses of Tehran. Shanghai to Expand Cooperation
Tehran Stock Exchange and its Shanghai counterpart concluded an agreement to increase bilateral cooperation in different areas of the capital market.
Read More »Abu Dhabi Adds 7 Billion Barrels of Oil to Its Reserves
The increase in the oil and gas reserves in the UAE makes the OPEC Middle Eastern producer 6th in both oil and gas reserves in the world.
Read More »OPEC`s Market Share Shrinking for Years as Shale Triumphs
OPEC will remain under pressure from rising U.S. oil output.
Read More »Industry Min. Arrives in Shanghai to Attend China Intl. Import Expo
Heading a high-ranking delegation. Reza Rahmani. Minister of Industry. Mine and Trade left Tehran for China’s Shanghai on Sunday evening to meet and hold talks with Chinese officials.
Read More »Oil Keeps Positive Tone amid Economic Cheer
Saudi Arabia on Sunday finally kicked off Aramco’s long-delayed IPO.
Read More »Iran. Iraq’s KRG Eye Boosting Economic Coop.
Officials of the Islamic Republic of Iran and Iraq’s Kurdistan Regional Government (KRG) discussed broadening bilateral economic cooperation.
Read More »Iran. Armenia Discuss Gas. Electricity Cooperation
Iran and Armenia have been cooperating for years in gas and electricity swap.
Read More »Oil Minister Sees more Output Cuts by OPEC at Next Meeting
Iran expects further production cuts to be agreed at the next meeting of OPEC in December.
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