The second batch of US sanctions against the Islamic Republic took effect on November 4.
Read More »Trump: OPEC Is a Monopoly
Trump credits his own talent for having brought down oil prices.
Read More »2019 will See a Record Amount of LNG capacity
60 million tpy of LNG capacity could receive a final investment decision (FID) this year.
Read More »US-China Talks over Trade War Increased Oil Prices
For most of the past year. China and the US have been locked in a trade dispute disrupting the flow of goods.
Read More »Iraq Is Committed to OPEC+ Oil Output Reduction
Iraq oil minister has directed oil officials to take urgent measures to comply with the cuts.
Read More »Gas Flow from Russia Puts Pressure on Market
Europe’s LNG imports are expected to increase by 14% to 56 Bcm.
Read More »OPEC Output Falls most in 2 Years as Saudi Cuts Begin
The Saudis curtailed production by 420.000 barrels a day to 10.65 million last month.
Read More »Oil could Stay Low if OPEC doesn`t Maintain Its Cuts
In recent months. the Saudis increased production by more than 1 million barrels per day.
Read More »No Barrier to Record Russian Oil Output in 2018
The country expects its total oil output to hold steady over the full year.
Read More »Iran may Still Invest in Chennai Petroleum Expansion
The exemption will allow Indian refiners to settle about $1.5 billion of outstanding payments to NIOC through direct rupee payments.
Read More »