Iran is OPEC’s third-largest producer. providing more than 2 percent of global oil output.
Read More »The Oil Price under the Control of Just Three Men
As oil prices have headed south. Saudi Arabia said it would cut exports by 500.000 bopd next month.
Read More »Cutting Saudi`s Oil Exports to U.S. will Boost Crude Prices
Reduced Saudi oil imports tend to reflect in lower weekly U.S. inventories.
Read More »Saudi-Russian Oil Price Plan in Jeopardy
Saudi Arabia’s in a more precarious position for this upcoming OPEC meeting.
Read More »China Pledges Huge Natural Gas Supply Boost
Other Chinese oil companies are also gearing up for the winter season.
Read More »Oil Price at Any Level Comfortable for Rosneft
Rosneft will work on increasing its market share if oil prices drop.
Read More »Gazprom Neft Cooperate in Abu Dhabi`s Oil and Gas Projects
Gazprom Neft could partner with Mubadala. Adnoc and other companies in the development of oil and gas reserves.
Read More »Venezuelan Oil Production could Fall below 1 bpd
OPEC member Venezuela last year produced more than 2 million bpd.
Read More »Oil Traders Expect Lower Prices
Vitol has now revised down its oil demand growth forecast for next year to 1.3 million bpd.
Read More »Saudi Arabia Ready to Boost Supplies over Iran Oil Sanctions
Saudi Arabia is the only producer with significant spare capacity around 2 million bpd.
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