Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Zanganeh said on Wednesday that the current volatility in the oil market is psychological.
Read More »Price fluctuations in oil market. psychological
OPEC Needs to Keep Production Lower than Agreed Target Through 2019
The producer group needs to stay 700.000 bpd below its agreed target of 31.8 million bpd through 2019.
Read More »Saudis’ Oil-Market Grip Continues to Slip
Saudi Arabia shouldered most of the production cuts on the OPEC side.
Read More »Saudi Arabia Hopes Oil Cut Likely to Boost Market Stability
OPEC and its allies agreed to reduce oil production by 1.2 million barrels per day (bpd) for the first six months of 2019.
Read More »It would Take Months for Russia to Implement Oil Production Cuts
Energy Minister Alexander Novak said it would take Russia ``months`` to get down to its requested level.
Read More »Libya. Iran. Venezuela Secure OPEC Production Cut Exemptions
Libya has been given a pass due to its chronic production outages.
Read More »OPEC Countries Agree to Cut Production
The measure. which was spearheaded by Russia. will come into effect on January 1.
Read More »Putin. Novak Discussed Meeting with OPEC
OPEC resumes discussions in Vienna on Friday before heading into a meeting with non-OPEC oil producers led by Russia later in the day.
Read More »Pradhan Hopes OPEC will Remember Consumers when Cutting Output
OPEC tentatively agreed to an oil output cut on Thursday.
Read More »Iraq might be the Next OPEC Member to Exit
Last month. Iraq’s oil exports dropped to their lowest level in seven months due to bad weather at its southern ports.
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