Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Kazakhstan keeps on increasing oil production despite its participation in OPEC+ deal.
Read More »Kazakhstan Continues Increasing Oil Production
Putin and Trump to Discuss Oil Prices at Summit in Helsinki
President of Russia Vladimir Putin and US leader Donald Trump are going to discuss oil prices at the summit in Helsinki.
Read More »Azerbaijan Reports on Implementation of OPEC + Deal for June
Daily oil production stood at 792.000 barrels in June 2018. of which 739.000 barrels accounted for crude oil and 53.000 barrels - for condensate.
Read More »Oil Prices Rise as Looming Norway Strike Adds to Disruptions
Libya’s national oil production fell to 527.000 barrels per day from a high of 1.28 million bpd in February following recent oil port closures.
Read More »5 World Powers Back Iran`s Oil Exports Despite US Sanctions Threat
Washington has warned other countries to end business in Iran and stop buying its oil from early November or face punitive measures.
Read More »Merrill Lunch: If US Eliminate Iranian Oil Export. it could Spike to $120
OPEC and Russia and other producers last month agreed to add 1 million barrels to the market.
Read More »Iran`s Oil Minister Hits Back at Trump over Production Demands
Trump’s order to OPEC members to increase production destabilizes the market.
Read More »Libyan NOC Requests Sanctions over Push to Sell Oil from East
Production has plummeted by about 850.000 barrels per day (bpd) from little more than one million bpd.
Read More »U.S. Oil Rig Count Increase as WTI Pops
The oil and gas rig count now stands at 1.052—up 100 from this time last year.
Read More »Saudi Aramco Changes Asia Crude Oil Price Formula
The world’s third largest crude oil supplier currently produces about 10 million bpd and has the capacity to produce 12 million bpd.
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