Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Saudi Arabia and Russia have been the drivers of the production agreement.
Read More »OPEC. Russia have Showdown over US Shale Drilling Ahead of Meeting
Saudi Arabia Steps Up Oil Diplomacy Ahead of OPEC Meeting
The Saudi OPEC governor and Saudi national representative at OPEC are in communication with many countries to invite them to the meeting.
Read More »Statoil Seeks Partnership with Adnoc
The Norwegian government supports R&.D with financial incentives.
Read More »OPEC to Recruit New Members to Fight Market Imbalance
The cartel is said to be leaning toward a nine-month extension of the cuts to the end of 2018.
Read More »Global Oil Demand to Withstand Rise of Electric Vehicles: IEA
The IEA estimates that U.S. crude oil is expected to rise until reaching a peak in the 2020s of about 17 million bpd.
Read More »OPEC Points to Larger 2018 Oil Supply Deficit as Market Tightens
OPEC and its allies are discussing extending their supply pact for as long as nine months.
Read More »Some Traders See $80 Crude before Christmas
A total of 48.000 contracts have traded over the last few days that would profit most if Brent spikes before Christmas.
Read More »OPEC Head Says Oil Cuts `Only Viable Option` to Stabilize Market
Output cuts by OPEC and other producers such as Russia and Oman have started to pay off.
Read More »OPEC Concedes That U.S. Shale Won’t Die
The group sees U.S. shale fizzling out after 2025. leaving OPEC once again in charge.
Read More »U.S. Shale to Rise Much Faster Than Expected
US tight oil production has exceeded previous growth expectations and is currently forecast to contribute to a rise in overall US liquids by some 0.6 mb d in 2017 and then 0.9 mb d in 2018.
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