Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Drone makers are cooperating with oil and gas firms to develop custom drones equipped with data collection technology to obtain real-time insights.
Read More »Top Oil Firms Using Drones in Oil Industry
OPEC Expects Oil Market Share to Diminish
US shale output is expected to reach 16.9 million bpd in 2024.
Read More »Oil may Reach $40 if Russia. OPEC Up Oil Output
Oil supplies from OPEC slid to their lowest level in four years in March.
Read More »Venezuela’s Post-US Sanctions Oil Exports Drop 40%
Around 70% of Venezuelan oil since sanctions have been implemented in went to PdVSA’s customers in Asia.
Read More »OPEC Crude Supply Drops to 4-yr Low in February
The 11 OPEC member states committed to the agreement attained in February 101% of the agreed cuts.
Read More »Oil Settles at 3M High on OPEC Output Decline
Progress in the trade talks between the US and China helped to allay fears about fuel demand.
Read More »Chinese Economy Slowdown to Depress Global Oil Demand
Downside risks include a slowdown in global economy which would dent global crude demand.
Read More »Oil Records 11% Weekly Drop
Oil prices fell on Friday. as fears of a supply glut continues.
Read More »US Extends Iraq’s Waiver to Buy Iranian Gas
Baghdad recently pledged to buy American oil and energy technology.
Read More »Oil Down to Lowest Level in a Year
On Tuesday. the American Petroleum Institute (API) reported an estimated inventory increase of 3.453 million barrels.
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