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Moscow considers $60 per barrel a reasonable price. as at this level Russia can invest in new projects.
Read More »Russia not Afraid of the Big Bad Oil Bear Market
OPEC+ Boasts 159% Compliance with Oil Production Cuts
The Saudis have vowed to keep production well below 10 million bpd.
Read More »The US could Drown the World in Oil. despite Climate Change Attempts
The US is set to account for 61 percent of all new oil and gas production over the next decade.
Read More »Iran’s UK Envoy Confirms Released Oil Tanker Heading for International Waters
Iran'.s ambassador to the UK has confirmed reports that the Iranian oil tanker '.Grace 1.'. has been moving towards international waters.
Read More »US-China Trade War. Tensions in Persian Gulf Weaken Demand for Oil
The IEA said tensions in the Persian Gulf. where some oil tankers have been attacked. have heightened concerns.
Read More »Iraq Close to Replacing Exxon Mobil with BP and Eni
Three of the oil officials said Exxon had costed the project at higher than Hyundai’s $2.4 billion.
Read More »Bank of America Warns China`s Purchases of Iranian Crude Could Trigger Oil Market Crash
The Americans have not achieved any success against Iran.
Read More »Japan will Scrap Remaining Nuclear Reactors in Fukushima
The utility plans to build an on-site facility to store spent nuclear fuel from the plant.
Read More »US Grants 90-Day Waivers to Nations Participating in Iran’s Civilian Nuclear Program
Five waivers were still extended and are set to stay in place at least for another 90 days.
Read More »Iraq Plans to Build New Oil Pipeline via Jordan
Iraq is also planning to rehabilitate a pipeline via Turkey.
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