Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
US crude production set to touch 9.9m bpd this month. well above EIA forecasts.
Read More »Shale Oil in Focus as OPEC Extends Deal
Saudi Oil Minister Says Cuts to Stay Until Market Balanced
U.S. drillers added two oil rigs to reach 749 in the week ended Dec. 1. the highest level since late September. according to Baker Hughes.
Read More »Europe Buys 40% of Iran Oil in November
European companies resumed purchase of oil cargoes from Iran since implementation of the Joint Comprehensive Plan of Action (JCPOA) in 2015.
Read More »OPEC Deal could Produce a Goldilocks Scenario for Saudi Aramci IPO
At $60. the Kingdom and some other Gulf countries (though not Oman and Bahrain) will probably run a current account surplus for 2018.
Read More »OPEC Nations must Speed up Reforms to Break from Dependence on Oil
U.S. shale oil producers could increase production if oil prices rise.
Read More »Qatar. other Major Players to Continue Long-Term LNG Deals
Projections of LNG demand reveal growth of over 3%-5% per year until 2030.
Read More »World Oil Market may Reach Full Stability in 2018
The Declaration of Corporation’ by Opec and non-Opec participating countries gave hope and stability to the market at a very critical time.
Read More »How Big Oil Is Transforming Shale
The IEA estimates that the wave of energy digitalization could lower the cost of production by 10 to 20 percent.
Read More »As OPEC Extends Output Cuts. Asia Turns to North America for more Oil
The U.S.-Asia route is at least twice as long as that from the Middle East to the main Asian trading hubs in China. Japan. South Korea. Taiwan and Singapore.
Read More »Shell. PetroChina JV Paves Way toward Big Gas Development in Australia
Supplying QCLNG will help make the development more profitable. Shell said.
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