A deal would represent a novel way for the debt-laden oil company to boost output from mature fields without losing control or risking capital.
Read More »EU Tries to Save Iran Nuclear Deal
Iranian officials have said that key for them is to ensure measures that guarantee oil exports do not halt.
Read More »U.S. Oil Rig Count Increase as WTI Pops
The oil and gas rig count now stands at 1.052—up 100 from this time last year.
Read More »Russia`s Big Challenge Now that OPEC Deal is Complete
Russian government officials have become increasingly vocal about rising pump prices in recent weeks.
Read More »South Korea Sends Delegation to Iran ahead Resumption of US Sanctions
Government working to negotiate with Trump administration to maintain relations with Iran.
Read More »UAE-China Trade Grow almost 52.65 bln USD Last Year
The UAE’s foreign trade with China made up 14.7 per cent of the country’s foreign total trade in 2017.
Read More »Oil Price Soar after Libyan Force Majeure on Oil Exports
Libya’s National Oil Corporation (NOC) declared force majeure on loadings from Zueitina and Hariga ports on Monday.
Read More »Saudi Arabia Pumped 10.488 Million bpd of Oil in June
The total amount of oil Saudi Arabia supplied to the market in June was around 10.579 million bpd.
Read More »Iran Says Trump`s Tweets have Added $10 to Oil Prices
Trump was trying to intensify tensions between Iran and Saudi Arabia.
Read More »Saudi Aramco Changes Asia Crude Oil Price Formula
The world’s third largest crude oil supplier currently produces about 10 million bpd and has the capacity to produce 12 million bpd.
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