OPEC exports are off by over 1.5 million barrels per day (bpd) since November.
Read More »2019 will See LNG Oversupply
China’s LNG imports reached a new record-high in January 2019.
Read More »NIOC Offering 6th Round of Oil at IRENEX Today
NIOC started oil offering at IRENEX due to the US’s withdrawal from Iran’s nuclear deal and re-imposition of sanctions against Iranian oil sector.
Read More »220 Companies will Attend Iran’s Intl. Exchange Expo
Some 220 companies will take part in the 12th International Exhibition of Exchange. Bank and Insurance of Iran.
Read More »OPEC Continues Production Cuts despite Trump Pressure
The shale revolution has made the US the world’s top oil producer and is reshaping the global oil market.
Read More »Donald Trump Tweets on OPEC for First Time in 2019
US plans to sell up to 6 million barrels of crude oil from the Strategic Petroleum Reserve in April.
Read More »OPEC Crude Supply Drops to 4-yr Low in February
The 11 OPEC member states committed to the agreement attained in February 101% of the agreed cuts.
Read More »China’s Renewable Dominance
This global growth was largely fueled by just one country - China.
Read More »Saudi Arabia may Raise April Crude Prices for Asia
Top oil exporter Saudi Arabia is expected to raise April prices for most of the crude grades it sells to Asia.
Read More »UAE Minister Named ‘Oil Diplomacy Person of the Year’
This prestigious accolade was awarded last year to Khali Al-Falih.
Read More »