Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
OPEC meets at the end of this month and has been widely expected to extend the deal.
Read More »Brazil Rejects Saudi Arabia`s Overtures on Oil Output Cuts
U.S. Shale to Rise Much Faster Than Expected
US tight oil production has exceeded previous growth expectations and is currently forecast to contribute to a rise in overall US liquids by some 0.6 mb d in 2017 and then 0.9 mb d in 2018.
Read More »Iran`s Oil Price Passes $60
Iran'.s oil production is about 3.9 million barrels a day. including the 2.2 million barrels exported.
Read More »OPEC Seeking to Reach Consensus on Output Cut Extension
OPEC is seeking to achieve consensus agreement before a meeting on Nov. 30 about extending a global pact to curb oil production.
Read More »OPEC’s Grand Planners are Already Thinking about $70 Oil
Moscow is worried about letting prices rise too far. even suggesting that $60 would be enough to justify ditching the output agreement.
Read More »Russia. Saudi Arabia Ready for more Work to Cut Global Oil Inventory
There is a general satisfaction with the strategy of 24 countries that signed a declaration of cooperation.
Read More »Russia will Help Iran Boost Oil Output by 1.1mb d
Iran and Russia signed several agreements to promote cooperation over energy issues during President Putin’s visit.
Read More »Saudi`s Falih Calls for More Work to Cut Global Oil Inventory
Russia and Saudi Arabia are leading a deal between OPEC and non-OPEC producers to cut global oil production. with the aim of propping up oil prices.
Read More »Tensions Rise as Iraq Halts Kirkuk Oil Exports
The North Oil Company (NOC) has stopped feeding crude oil into the export pipeline.
Read More »New US Sanctions to Bar Americans from Arctic Offshore Oil Projects with Russia
The latest set of restrictions is being imposed over the conflict in Ukraine.
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