Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Saudi Arabia’s stated spare capacity is actually lower than its actual spare capacity.
Read More »Saudis Can’t Replace Iran Oil
High Oil and Gas Prices Sends U.S. GDP Soaring
Not only is U.S. shale production growing. but the shale industry as a whole is expected to become profitable this year for the first time in history.
Read More »OPEC Oil Production Jump to a 2018 High in July
OPEC’s crude oil production rose by 70.000 bpd from June to stand at 32.64 million bpd in July.
Read More »Rystad Energy: BP Embraces Shale in Bid to Maintain Global Production Profile
Rystad Energy expects production to rise rapidly beyond 100 000 bpd.
Read More »Oil Set to Move Even Higher
Despite soft trading last week. technical analysis points to plenty of upside before the end of 2018.
Read More »CNPC will Invest $22 Billion to Boost Oil Production
China’s crude oil production dropped by 2.3 percent on the year in June.
Read More »Oil Prices Rise after US Crude Inventories Fall
Venezuela’s production collapsed due to a lack of investment and Iranian exports have suffered due to US sanctions.
Read More »Rosneft Forcasts Oil $80 by Christmas
Rosneft reported a sevenfold increase in its net profit for the first quarter of this year on the back of higher oil prices.
Read More »Novak Raises Forecast for Oil Production in 2018 by 3.5 mln tonnes
In July. Russia planned to boost production by 200.000 barrels per day.
Read More »Lukoil will Invest in Caspian Sea
The anticipated annual oil production plateau is 1.2 million tonnes and the commercial production is slated to commence in 2023.
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