Japan relies heavily on imports from the Middle East.
Read More »OPEC Group Trying to Continue Cut Pact with Russia
Moscow is better positioned to balance its budget at current levels than Saudi Arabia.
Read More »Foreign Minister Condemns US for Destroying Region
US hostility has led it to support dictators. butchers &. extremists. who'.ve only brought ruin to our region.
Read More »Venezuela Oil Production Likely to Fall 300.000 b d by End-February
Venezuela'.s total crude output will fall to below 800.000 b d by the end of February.
Read More »Iran to Launch 4 South Pars Phases by March 20
Iran is currently exporting gas to Iraq. Armenia. and Turkey.
Read More »Iran`s Recoverable Crude at 160 Billion Barrels
Iran has the world'.s largest hydrocarbon reserves.
Read More »U.S. Oil Prices Rise due to Tighter Supply
Russia has been in full compliance with its pledge to gradually cut its oil production.
Read More »Iraqi Delegation will Visit Iran for Electricity Talks
The Talks will include discussions on increasing the volume of electricity exports to Iraq.
Read More »Europe Not Buying Iran Oil despite Waivers
The US had embarked on a unilateral war against Iran’s petroleum industry.
Read More »India Surpasses China in Increasing Oil Demand
OPEC forecasts India'.s crude oil demand will expand to 5.8 million barrels per day by 2040.
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