OPEC member countries discussed the issue of cutting oil production at the session on July 1.
Read More »Russia Is Overcomplying With OPEC Production Quota
Russia’s oil production averaged 11.126 million bpd between May 1 and 26.
Read More »OPEC Re-elects Nigeria’s Barkindo as Sec-Gen
Mr Barkindo was first elected as Secretary General of the bloc in 2016.
Read More »Russia`s Energy Ministry expects consolidated decision on OPEC deal
The Russian Ministry of Energy expects that OPEC+ countries will come to a consolidated decision on Tuesday.
Read More »Iran Petroleum Min. Discusses Oil Market Development in Vienna
Iranian Petroleum Minister Bijan Zangeneh in various meetings with his counterparts reviewed oil market development.
Read More »Iran Is Content with Current Oil Price but more Export is Needed
Iran is content with the current oil price but the country under US sanctions wants to boost oil exports.
Read More »Rising Shale Oil Production Becomes U.S. Self-Sufficient in Market
The U.S. will hardly become completely self-sufficient with oil overnight.
Read More »Samsung’s Egina Project Wins ‘Project of the Year’ Award in France
SHIN received the award. along with its client Total. for the Egina Floating Production Storage and Offloading unit (FPSO).
Read More »Security Situation in Middle East Threatened Exxon’s Iraqi Oil Deal
The deal will involve the development of two oil fields in southern Iraq.
Read More »Oil Prices Jump 5% on US-Iran Tensions
Concern about slowing economic growth and a US-China trade dispute has pulled oil lower in recent weeks.
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