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The United States has demanded that buyers of Iranian oil stop purchases by the start of May or face sanctions.
Read More »OPEC Tries to Depoliticise Oil
Saudi Oil Exports below 7 Million bpd Till End of May
Saudi'.s oil production would be much lower than 10 million bpd until the end of next month.
Read More »Iran to Keep Exporting Crude Oil despite U.S. Pressure
If the United States is able to stop one method for Iran to export oil. then it will find other ways.
Read More »SOCAR`s New Petrochemical Investment to Operate by 2023
The gas transmission capacity of the project can be increased to 24 billion cubic meters first and to 31 cubic meters with additional investments later.
Read More »Trump Wants Cheap Oil. but ‘Saudis Need Higher Prices’
Saudi Arabia’s fiscal break-even could be as high as $95 per barrel this year.
Read More »China and India to Form New Bargaining Bloc for Oil Imports
The alliance between the two Asian countries is likely to bode well for other Asian oil importers too.
Read More »Iran`s Non-Oil Exports to Turkey Surpass $2.3 Billion
Iranian and Turkish officials have already reached agreement to set up a joint bank.
Read More »China. India to Form Buyer’s Bloc That Favors Importers
Nations in Asia are mostly dependent on West Asian producers for their demand for oil.
Read More »Without Iran`s Gas. Half of Iraqi Power Plants to Close Down
Iraq has repeatedly announced that the economic and cultural ties between Iran and Iraq are historic.
Read More »Oil Falls after Trump Urges Greater OPEC Output to Replace Iranian Oil
The cuts have been supported by some non-OPEC producers. most notably Russia.
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