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Saudi Arabia is the only producer with significant spare capacity around 2 million bpd.
Read More »Saudi Arabia Ready to Boost Supplies over Iran Oil Sanctions
Brent to Hit $80 before Year-End
The most crucial difference between Goldman and some other forecasters is the confidence in emerging market demand.
Read More »Oil Rally Faces Tidal Wave of Supply
The oil market ran higher in anticipation of this week’s formal re-imposition of sanctions against Iran by the United States.
Read More »UAE Plans to Increase Oil Production
The United Arab Emirates (UAE) is seeking to increase its oil output by 5 million barrels per day by 2030.
Read More »Erdogan Warns Oil Companies against Drilling Near Cyprus
ExxonMobil. ENI and Total have all said they are committed to energy drilling near Cyprus.
Read More »Qatar Rearranges Cabinet
It was the first government reshuffle in Qatar. the world’s top liquefied natural gas producer.
Read More »Oil Markets Seeks Alternatives as US Sanction on Iran Hit
Iran exported the equivalent of 2.5 million barrels a day in April.
Read More »US Shale Oil not Able to Replace Traditional Oil
Unlike traditional oil. shale oil is more capital-intensive.
Read More »Iran Has No Concerns over Reimposition of New U.S. Sanctions
America will not be able to carry out any measure against Iran'.s great and brave nation.
Read More »Global Oil Supply in 2019 Make It Easier to Cut Iran Oil
Saudi Arabia had been ``very helpful`` in bolstering oil supplies while the U.S. moved to reimpose sanctions against Tehran.
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