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Tehran says it has Iraqi and Venezuelan support to veto any proposal for more output.
Read More »Saudi Arabia Holds all the Cards despite Iran Threatening to Block oil output
Oil Drops near $64 as OPEC Clash Looms
OPEC and its allies could consider a production increase of as much as 1.5 million barrels a day.
Read More »India Look for Responsible Crude Oil Pricing from OPEC
Government of India will seek responsible crude oil pricing from OPEC to ensure oil prices remain within common man’s reach.
Read More »Norway Looks to Build Its First Offshore Floating Wind Farms
Norway is pushing to potentially construct its first offshore floating wind farms.
Read More »Libya`s NOC Warns of Environmental Disaster Due to Clashes near Oil Terminals
Libya has been torn apart by conflict since its long-time leader Muammar Gaddafi was overthrown in 2011.
Read More »The Agreement will not Indicate Particular Volumes
On June 22-23. OPEC + participants will meet in Vienna to discuss options for further implementation of the transaction.
Read More »Any Oil Production Cut should be by Consensus
OPEC'.s upcoming meeting must do everything possible to prepare the markets.
Read More »Saudi Arabian and Russian Oil Market Policy to Dominate OPEC summit in Vienna
GCC countries are thinking about the need to replace lost Iranian barrels.
Read More »Russia in Talks to Build Gas Pipeline Uniting the Korean Peninsula
South Korea is interested in buying 10 billion cubic meters of gas per year from Russia.
Read More »Brent Decline as Saudi. Russia could Support Output Hike
South Korea’s Iranian crude oil imports fell in May to their lowest since January.
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