Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
China is now the world'.s largest oil importer.
Read More »Rise of Petroyuan
Saudi Arabia Plans to Slash Crude Exports to US
Saudi total exports are set to drop to around 7mn bpd in January.
Read More »OPEC+ Has Curbed Prices
The U.S. has been rapidly cutting into its own net import dependence on crude.
Read More »UAE. the New Swing Producer in the Middle East
The UAE pumped 3.175 million bpd in October and boosted further its output in November by 71.000 bpd to 3.246 million bpd.
Read More »Price fluctuations in oil market. psychological
Zanganeh said on Wednesday that the current volatility in the oil market is psychological.
Read More »Oil prices rise on Asian stock rally. OPEC-led cuts
Oil prices climbed by around 1 percent on Wednesday .
Read More »Saudis’ Oil-Market Grip Continues to Slip
Saudi Arabia shouldered most of the production cuts on the OPEC side.
Read More »Saudi Arabia Hopes Oil Cut Likely to Boost Market Stability
OPEC and its allies agreed to reduce oil production by 1.2 million barrels per day (bpd) for the first six months of 2019.
Read More »OPEC Deal could Push Oil to $80 Per Barrel
Oil prices jumped just over four percent as news of the deal broke.
Read More »Oil will Fall To $40 If OPEC Fails to Reach Deal
Iran will not take part in any cuts while there are U.S. sanctions on its oil.
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