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Iraq exported 100 million barrels of oil in April. a daily rate of 3.3 million barrels.
Read More »Iraq Signs BP Deal for Kirkuk Oilfield Development
Russia’s New Oil Tax Bill Promises a Big Change. but Limited Scope
The scope of Russia’s profit-based tax (NDM) pilot scheme will still be limited in the context of Russia’s upstream sector.
Read More »Oil Market is Awaiting Trump Decision on Iran’s Nuclear Program due May 12
Oil turns higher as dollar moves. looming decision on Iran sanctions tug at market.
Read More »European Petrochem Giants Seek Cooperation with Iran
Iran and six major powers signed the nuclear agreement in July 2015 and started implementing it in January 2016.
Read More »Norway Stops Making Withdrawals from Its $1 Trillion Wealth Fund
The government will release its revised budget for this year on May 15.
Read More »Russia Complies with OPEC Oil Output Cut Quota by 95.2% in April
Russia committed to reduce oil production by 300.000 barrels a day. had been gradually heading towards this level since early 2017 and reached this level last May.
Read More »Kuwait Oil Minister Says OPEC not Discussing Prices
OPEC focus on market stability and managing surpluses that have a big impact on inventories in global markets.
Read More »China Call to Continue Supporting Iran Nuclear Deal
China. a permanent member of the U.N. Security Council. is one of the architects of the agreement.
Read More »President: Indonesia Hadn`t Invested Enough in Exploration
Indonesia announced four winners from five blocks in a direct offer tender on Wednesday.
Read More »Oil Prices Climb after Netanyahu Announcement
Data showed U.S. personal income rose just 0.3 percent in March. compared with expectations of 0.4 percent.
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