Iraq is working to divert most future output from Kirkuk oilfield to local refineries.
Read More »Renewable Energy Goal ‘not on the Table’ at EU Ministerial
The European Commission tabled the 27% renewable energy target as part of a 2030 Clean Energy package of legislation.
Read More »Saudi Arabia Plans to Hike Petrol Prices by 80%
The world’s largest oil exporter has taken several austerity measures over the past two years to eliminate the impact of low oil prices.
Read More »UAE. Kuwait Target June for Talks on Phasing Out Oil Cuts
The global agreement to limit production is making progress in re-balancing supply and demand for oil.
Read More »Exit Strategy may Prove more of a Challenge for Oil Producers
Russia. the largest producer outside the group. is keen to exit as soon as possible.
Read More »Oil Prices Drop on Increased U.S. Drilling Activity
OPEC and its allies started withholding supplies last January and currently plan to continue doing so throughout 2018.
Read More »China Gas Giant Focuses on Homes amid Winter Crunch Criticism
Natural gas supplies to petrochemical industries will be ``severely`` reduced.
Read More »Russia may Turn to Cryptocurrencies in Oil Trade to Challenge Sanctions & the Petrodollar
Cryptocurrencies provide yet another advantage to countries facing international sanctions.
Read More »Russia Looks to Sell Arctic Gas to Saudi Arabia
Russia is looking to open new gas fields and selling to the international market.
Read More »Iraq and Iran Sign Kirkuk Oil Export Contract
Iraq plans to double its production from oilfields in Kirkuk to one million barrels per day.
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