Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Since last year. oil producing countries have cut back production in an attempt to offset dipping prices.
Read More »OPEC and Russia Manage to Control Oil Prices
China Calls Better Planning for Building LNG Storage Facilities
China'.s top economic planner has called for proper planning for the construction of liquefied natural gas (LNG) storage facilities to improve the country'.s storage capacity.
Read More »Large Deepwater Discovery in Gulf of Mexico by Shell
Shell expects its global deepwater production from already discovered and established areas to exceed 900.000 boe d by 2020.
Read More »Venezuela could Prompt OPEC to Pump More
India has asked Saudi Arabia for assurances that oil prices will remain stable and moderate.
Read More »UAE`s Firm to Take Stake in Subsidiary of Russia`s Gazprom
Middle East oil producers and Russia have forged closer ties since striking a deal to cut global crude output in a bid to remove a glut in supplies.
Read More »China Imports More Oil and Gas from the U.S.
Gas is increasing in demand as the Chinese government moves to replace coal to combat air pollution.
Read More »India Turn to Traditional Suppliers to Meet Iran Oil Shortfall
IOC is Iran’s biggest Indian oil client.
Read More »Azerbaijan Invites US Companies to Invest in Non-Oil Sector
The US is ready to work closely with the countries of the region in this direction.
Read More »Vitol. Glencore. Shell Eye Petrobras’ Nigerian Assets
The world’s three largest oil traders are competing to buy the African arm of Brazil’s Petrobras that owns stakes in two major Nigerian offshore oil blocks.
Read More »UAE Energy Minister Plays Down Impact of US Withdrawal from Iran Deal on OPEC
The UAE Energy Minister says not worried about how sanctions on some member countries are going to affect how OPEC deals with things.
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