Tehran has lashed out at Saudi Arabia and Bahrain for supporting Washington’s termination of sanctions waivers for major Iranian crude buyers. saying the Islamic Republic would allow no country to replace it in the oil market.
Read More »Oil Prices Expected to Rise in Summer as US Toughens Stance on Iran Sanctions
Donald Trump is betting that Saudi Arabia and other OPEC members make up for the shortfall.
Read More »Germany will Stand by Iran Nuclear Deal
US President Donald Trump last year pulled out of a landmark 2015 nuclear deal with Iran.
Read More »Iraq will Keep Importing Iran`s Gas. Power despite US Bans
Gas imports for the summer will temporarily increase to 35 million cubic meters per day.
Read More »Shell`s New Deepwater Discovery in Gulf of Mexico
This discovery in a Shell heartland adds to the company’s Paleogene exploration success in the Perdido area.
Read More »China has not yet Asked for more Crude Oil from Saudi Arabia
Saudi Arabia’s April crude oil production was nearly steady with previous months.
Read More »Russia Stopped Oil Export to Europe Due to Contamination
Supplies of oil and refined products to the Polish market will be maintained from stockpiles until the situation is resolved.
Read More »Iraq Gas Production Set to Triple
The shift is driven by more favorable investment conditions in the Kurdistan Region of Iraq.
Read More »Iraq has Enough Oil Capacity to Meet Customer Needs
IEA expects Iraq to add 1.2 million bpd in 10 years to reach 6 million bpd of production in 2030.
Read More »OPEC Decision to be Made After Reviewing Oil Prices
OPEC is set to meet on June 25 in Vienna to discuss extending the agreement to cut output by 1.2 million b d beyond the end of June.
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