U.S. lawmakers have been discussing extending sanctions on Russia to energy and oil projects.
Read More »OPEC`s Fear of Another Downturn In Oil
EIA predicts that U.S. production will increase to 12 million barrels per day in the second quarter of 2019.
Read More »Weatherford Mulls Manufacturing Expansion in the Middle East
Weatherford posted a net loss of $199 million (Dh730.8m) for the third quarter year-on-year.
Read More »U.S. Oil Production Is Set To Soar Past 12 Million Bpd
U.S. production will be growing despite the current capacity constraints in the Permian.
Read More »Poland Signs Deal with US to Reduce Dependence on Russia
According to the deal. PGNiG will receive US liquefied natural gas. challenging the Russian supplier Gazprom.
Read More »US. Russia Battle for Title of the World’s Biggest Crude Oil Producer
The next OPEC+ meeting is scheduled for 4 December.
Read More »Exxon Is Big Enough to Take on Any Deal
Exxon still sees a bright future for the oil industry. with 2.5 billion people set to enter the middle class in the next 20 years.
Read More »Iran Sanctions will Threaten the Oil Market
Saudi Arabia. the world'.s largest exporter. has claimed that it can respond to the Iranian shortfall.
Read More »US Shale Oil not Able to Replace Traditional Oil
Unlike traditional oil. shale oil is more capital-intensive.
Read More »Iran Has No Concerns over Reimposition of New U.S. Sanctions
America will not be able to carry out any measure against Iran'.s great and brave nation.
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