Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Since the OPEC non-OPEC production reduction was agreed to in November 2016. the producers haven’t publicly disclosed how this benchmark is defined.
Read More »OPEC Needs Better Way to Track Crude Inventories
Novak Sees 2018 Brent Outlook in the $50-$60 Range
Russia is cutting 300.000 bpd as part of the pact with OPEC.
Read More »Russia. Saudis Go Beyond Oil Alliance with LNG Project
Saudis mull importing gas while planning to double own output.
Read More »US-Mideast Oil Battle Heating Up
The fight between the US and the Middle East for a slice of the Asian oil market is heating up. with their rivalry now spilling over into refined fuels.
Read More »IEA: End of OPEC Production Cuts in June Would Be Surprise
The U.S. will add about 1 million barrels a day of new supply this year.
Read More »Khalid Al-Falih Discusses Oil Market with Iraqi PM
Saudi Arabia and Iraq are OPEC’s two biggest producers.
Read More »Saudi Oil Minister Annoyed of Shale Hype
The comments from al-Falih were quickly met with pushback from the IEA’s top officials.
Read More »What`s Behind Russia and Saudi Arabia`s Oil `Bromance`?
In global politics. as in business. there are no ``friends`` and there is no ``bromance.
Read More »Russia-OPEC Production Cut Helps Oil Market Rebalance
The existing cuts have been extended till the end of 2018.
Read More »China Crude Demand Growth will Continue
China will import 452 million tonnes. equivalent to 9 million bpd. in 2018.
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