Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
The OPEC+ production reduction pact aimed at stabilizing crude prices is valid until the end of March 2020.
Read More »Russia. Saudi Arabia Confirm Readiness to Cooperate in OPEC+ Format
Russia. Saudi Arabia Confirm Readiness to Cooperate in OPEC+ Format
The OPEC+ production reduction pact aimed at stabilizing crude prices is valid until the end of March 2020.
Read More »Market Balance. a Necessity
The oil market was under pressure because of coronavirus outbreak and as a result the oil price had fallen to below $60 per barrel. adding. Efforts must be made to ensure the market balance.
Read More »Iran Sets Output Cuts Precondition for OPEC Emergency Meeting
Oil market is under pressure.
Read More »2019 Oil Market Hotbeds
It is not popular for a pro-OPEC oil analyst to start analyzing the market focusing on demand side.
Read More »Oil Traders Made Billions in 2019 as Conflict Shook the Market
The world’s largest energy traders enjoyed one of their best ever years in 2019 as pipeline outages. dramatic changes in ship fuel regulations and Middle East conflicts shook up the global oil market.
Read More »Is Shale Oil Surge Shifting Global Oil Market Balance?
The surge in US crude oil production coupled with lower oil demand globally gave way to oversupply in an already bearish market.
Read More »OPEC Considering Moving March 5 Meeting Forward Due to Coronavirus Impact
OPEC and 10 allies agreed in December to implement 1.7 million b d of production cuts for the first three months of 2020.
Read More »Oil Mixed as Virus Fears. U.S. Stock Build Face Talk of Further OPEC Cuts
Jet fuel demand has slumped in Asia as airlines have cancelled connections.
Read More »OPEC may Meet Early as Coronavirus Impacts Oil Prices
OPEC members are considering holding an emergency meeting next month. as oil prices sink on concern the coronavirus outbreak will hit demand.
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