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OPEC and its allies could consider a production increase of as much as 1.5 million barrels a day.
Read More »Oil Drops near $64 as OPEC Clash Looms
Venezuela Oil Production Dramatic Decline
IEA forecasts that Venezuela’s oil production could drop to Just 800.000 bpd or even lower next year.
Read More »Any Oil Production Cut should be by Consensus
OPEC'.s upcoming meeting must do everything possible to prepare the markets.
Read More »China Issues Retaliatory Tariffs against the US
Move comes after White House imposed tariffs on $50 billion of Chinese goods.
Read More »Russia and Saudi Arabia Work at OPEC deal at World Cup Summit
Many nations have gone further than their pledged cuts.
Read More »Russia to Seek Oil-Cuts Rollback for most OPEC+ Nations
Russia and Saudi Arabia are set to discuss oil policy on Thursday.
Read More »Armenia Plans to Boost Gas-Electricity Transition with Iran
Yerevan Thermal Power Plant is willing to import more gas to deliver more power to Iran in peak demand hours.
Read More »NIOC CEO Designate NICO Vice-Chairman
Ali Akbar Pourebrahim appointed as the new vice-chairman and CEO of the Naftiran Intertrade Company (NICO).
Read More »Two Russian Firms will Develop Shadegan Oilfield
Besides the aforementioned oil firms. Schlumberger has also signed an agreement to survey the oilfield.
Read More »Chile Inaugurates World`s Southernmost Solar Power Plant
The PV park. considered to be the southernmost in the world. required an approximate investment of USD 4.2 million.
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