OPEC and Russia may use cuts to support $70 per barrel.
Read More »Poland Signs Deal with US to Reduce Dependence on Russia
According to the deal. PGNiG will receive US liquefied natural gas. challenging the Russian supplier Gazprom.
Read More »TurkStream will be Operational by End of 2019
Natural gas transmission will take around 52 hours from Russia'.s Anapa to the destination in Turkey.
Read More »US. Russia Battle for Title of the World’s Biggest Crude Oil Producer
The next OPEC+ meeting is scheduled for 4 December.
Read More »Exxon Is Big Enough to Take on Any Deal
Exxon still sees a bright future for the oil industry. with 2.5 billion people set to enter the middle class in the next 20 years.
Read More »Venezuelan Oil Production could Fall below 1 bpd
OPEC member Venezuela last year produced more than 2 million bpd.
Read More »Oil Prices Down on Iran Sanction Exemptions
China was given a waiver to import around 360.000 bpd from Iran during the exemption period.
Read More »South Korea will Restart Iran Oil Imports At 4M Barrels Per Month
South Korea is the world’s fifth-largest crude oil importer.
Read More »Ankara won’t Obey Renewed US Sanctions on Iran
it is not easy for countries like Turkey and Japan to diversify energy supplies.
Read More »Russia. Germany Criticize US Re-Imposition of Sanctions on Iran
The other parties to the JCPOA have repeatedly announced that the deal is working and should stay in place.
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