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The UAE’s output at the end of January according to secondary sources cited by OPEC was 3.078 million bpd.
Read More »UAE in Compliance with OPEC and Non-OPEC Output Curbs
Venezuela Struggles to Find Oil Buyers amid US Sanctions
The sanctions block all payments to PDVSA accounts.
Read More »IRENEX to Gain. but not Overnight
Five rounds of crude sale have so far been taken place at the energy exchange.
Read More »Iran Self-Sufficient in Gasoline
Iran’s Persian Gulf Star Refinery converts light crude. known as condensate. into gasoline and naphtha.
Read More »Oil Prices to Fall from $65 bbl to $50 bbl
US-China trade talks are set to resume next week in Washington.
Read More »OPEC has a President under Sanctions. but History Shows it`s Manageable
The organization is more directly represented by its secretary-general. currently the Nigerian Mohammad Barkindo.
Read More »US Warns India Purchase of Venezuelan Oil
Trump gave India a temporary exemption from the embargo. which carried economic penalties for violations.
Read More »Venezuela Oil Production Likely to Fall 300.000 b d by End-February
Venezuela'.s total crude output will fall to below 800.000 b d by the end of February.
Read More »NIOC Subsidiaries Sign 9 Maintenance. EOR Deals with Domestic Firms
The deals were signed in a ceremony attended by Oil Minister Bijan Namdar Zanganeh on Tuesday.
Read More »Iran Discovers Oil in Abadan Region
The oil was found at a depth of 3.570 metres in an exploratory well and is very light and sweet.
Read More »