Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
In 2018 OPEC+ decided to increase output at its mid-year meeting. only to return to production cuts in 2019.
Read More »OPEC Could Raise Oil Output If Prices Increase
Russia will Expand LNG Market Share
Russian can claim a 20% share in the global LNG market.
Read More »Oil Market will Balance by Year-End
The UAE can raise production to 3.5 million barrels per day. only if needed.
Read More »Venezuela`s Oil Supply Collapse Tightens Global Market
Venezuela. plus Iran and Libya. were exempted from making voluntary curbs under the OPEC+ deal.
Read More »Libyan Civil War Threatens Oil Supply
The sudden risk to Libya’s oil supply comes at a time when the broader global oil market is tightening.
Read More »Iran surprises US. observers with spike in oil exports
Iranian exports of crude oil and condensate have surged to levels near before sanctions. surprising market observers and affording the country an important victory in a US economic war on Tehran.
Read More »Saudi Aramco Set for Mega Bond Sale
The bond sale represents an alternate way for Saudi Arabia to raise money and diversify from oil.
Read More »Oil Prices Hit Highest in 5 Months as Libya Fighting Tightens Supply
Libya is a significant supplier of oil to Europe. producing around 1.1 million barrels per day (bpd) of crude in March.
Read More »Gulf Firms Confront New Era of Low Oil Prices with Merger Wave
Surging oil prices over more than a decade helped many Gulf states expand aggressively at home and abroad.
Read More »Russia Signals OPEC & Allies could Raise Oil Output after June
The joint ministerial monitoring committee of OPEC+ is meeting in May.
Read More »