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Tehran says it has Iraqi and Venezuelan support to veto any proposal for more output.
Read More »Saudi Arabia Holds all the Cards despite Iran Threatening to Block oil output
Any Oil Production Cut should be by Consensus
OPEC'.s upcoming meeting must do everything possible to prepare the markets.
Read More »Russia and Saudi Arabia Work at OPEC deal at World Cup Summit
Many nations have gone further than their pledged cuts.
Read More »LNG Market to Tighten After 2024
Qatar aims to have boosted its LNG export capacity from the current 77 million tons to 100 million tons annually.
Read More »OPEC Resistance to Saudi Plan as Iraq Objects
Saudi Arabia has enjoyed diplomatic ties with the US for decades.
Read More »OPEC Considers Short-Term and Long-Term Market Stability
Venezuela and Iran have appealed to OPEC to maintain unity.
Read More »Saudi Oil Output Rises Above 10 Million Barrels a Day
Iraq on Monday joined Iran and Venezuela in opposing any plans to start boosting crude output.
Read More »Iran to Issue Bonds for Investment in Oil Sector
In May. French oil major Total said it might pull out of its investment in Iran’s South Pars gas field if it cannot secure a waiver from the U.S. government.
Read More »Iran to Increase Oil Production by 460 Million Barrels in Three Years
More than 75 percent of the equipment for developing the output is Iranian.
Read More »Saudis Start to Rise Oil Output. Ahead of OPEC Meeting
Saudi Arabia and some other Persian Gulf producers recently favored the idea of increasing overall output by 300.000 to 400.000 barrels a day.
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