Tag Archives: Market

Non-shale non-OPEC production. which has been resilient so far. is likely to require material reinvestment in new and existing projects over the coming years.

SOMO and Russia'.s Litasco have set up a joint trading company in Dubai to market crude.

The managing director of Kerman Motor Company said here on Sunday that the South Korean Hyundai Motor Group is looking for safeguarding a stronger presence in Iran’s auto market. “The Hyundai Motor Group. as a first step. intends to increase satisfaction among its customers in Iran and market for its …

The decision by oil producing countries to extend production cuts agreement by nine months gives the market much needed visibility.

Russia maintains its oil-price outlook at $50 to $60 on average for this year.

Currently. Iran has agreements with Iraq and Oman to supply 28 bcm y of gas.

Extension of the agreement to cut oil production meets the interests of Azerbaijan.

Late last year. the 24 countries. including the OPEC and Russia. agreed to cut production by 1.8 million barrels per day in order to reduce global oil inventories.

The final decision sent both main oil contracts plunging Thursday. which in turn dragged energy firms lower.

Prices edged higher by 0.35% to $48.88 in early trading on Friday.