The producer group needs to stay 700.000 bpd below its agreed target of 31.8 million bpd through 2019.
Read More »Oil Prices Rise amid Disruptions to Libyan Crude Exports
The producer club will curb output by 0.8 million bpd from October levels.
Read More »Iran Showcases Nano Achievements at Muslim World Technology Fair
Iranian-made products in the fields of nanotechnology and nano-medicine are exposed at the 4th edition of Science and Technology Exchange Program (STEP) of the Islamic World in the Omani capital city of Muscat.
Read More »Oil prices rise on Asian stock rally. OPEC-led cuts
Oil prices climbed by around 1 percent on Wednesday .
Read More »Saudis’ Oil-Market Grip Continues to Slip
Saudi Arabia shouldered most of the production cuts on the OPEC side.
Read More »Positive US-China Trade News Boosted Asian Markets
China added to market-friendly noise by saying it had agreed to cut tariffs on US autos to 15 per cent from 40 per cent.
Read More »Iran. China resume financial transactions
One Iranian bank has already begun to carry out financial transactions between Iran and China.
Read More »US Pushes Iraq to Boost Crude Exports to Turkey
Perry told the Iraqi leaders that the US is serious about its desire to help make Iraq energy independent.
Read More »Oil Extends Gain on OPEC`s Output Pact
Libya’s largest oil field was halted after members of the Petroleum Facilities Guard shut down pumps leading to tanks.
Read More »The Answer to Global Warming
To remove just 400 tons of carbon dioxide from the atmosphere would require one million tons of air to be processed.
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