Tag Archives: Oil Price

Given the growing demand for Iranian heavy crude. its price per barrel increased by 77 cents to be traded at 52.70 cents.

.The EIA had forecast small annual average supply builds in both 2017 and 2018

we have no problem to continue talks with Saudi Arabia on further coordination at the OPEC level

.The NITC chief said his company has signed deals with foreign companies for leasing 35 tankers

.Iran is the world’s third largest producer of gas

Lukoil signed several memorandum of understanding with NIOC last year.

Russian oil producers achieved a major milestone in 2016.

Higher crude oil and gasoline stocks in the United States weighed on prices on Friday.

OPEC oil output also decreased by 220.900 b/d to 33.085 in December month-to-month.

The oil price in the beginning of 2016 plunged to below $30. but currently it is around $55.