The oil market remains focused on the global rebalancing act.
Read More »Iran Expects Oil Market Changes as Tillerson US Secretary
The Minister intimated to OPEC to “be extremely careful about future market changes.
Read More »Iran Aims to Purchase 12 Russian Passenger Aircraft
The potential of agreements in this sphere could be valued at $20 billion
Read More »Oil Minister Signs Energy Agreements in Iraq
The first agreement entails the joint development of Parviz Oilfield. which adjoins Iraq'.s Naft Khaneh field and Khorramshahr Oilfield.
Read More »Iran Overtakes Saudi Arabia in Oil Export to South Korea
South Korea’s imports of crude oil from Iran doubled in January. the latest figures said.
Read More »NITC Vessel to Berth in Indonesia
The two sides have reached a preliminary agreement to build an ultra-heavy crude refinery.
Read More »IEA: OPEC Makes Solid Start to Cuts. Compliance – 90%
Some producers. notably Saudi Arabia. appeared to cut the oil output by more than originally agreed amount.
Read More »Oil Market To Be Relatively Balanced
.The EIA had forecast small annual average supply builds in both 2017 and 2018
Read More »Tehran. Caracas Oil Ministers Meet in Tehran
.Implementation of the output cut by OPEC and non-OPEC suppliers has positively influenced the prices
Read More »Min: No Problem for Oil Talks with Saudis
we have no problem to continue talks with Saudi Arabia on further coordination at the OPEC level
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