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Saudi Arabia and Russia. the world'.s top two oil producers. agreed on Monday on the need to extend output cuts for nine months until March 2018.
Read More »Iran likely to Back Longer OPEC-Led Oil Cut If All on Board
Brent Crude Oil to Rise
Goldman kept its average Brent price forecast for the third quarter of 2017 at $57 per barrel.
Read More »Iraq in favor of Extending any OPEC-Led Oil Output Cut
Iraq is with the continuation of a reduction of oil production of OPEC nations and we will push in that direction.
Read More »European Firms Looking for Gas and Oil Cooperation with Iran
Iranian Offshore Oil Company is one of the largest offshore oil producers in the world.
Read More »Iran Crude Oil Slips Below $50
Iran pumped 3.759 million barrels per day in April. trimming 39.000 barrels in daily crude oil production compared to the previous month.
Read More »Macron Win. OPEC Cuts Not Enough to Stimulate Oil Markets
An extension of the OPEC agreement will not be enough to raise global oil prices significantly.
Read More »NIOC Finalizing Deal with OMV
The sanctions removal in January 2016 revived the incapacitated oil sector.
Read More »Sanctions Aren’t Slowing Russian Oil Industry One Bit
Russian crude output is at historic highs. European firms are still investing.
Read More »Iraq Oil Exports Decrease to 97.6m Barrels in April
In February Iraqi reserves increased to 153 billion barrels.
Read More »$30b Needed for 2nd Phase of South Pars Development
Iran'.s oil production capacity has crossed 4 million barrels per day.
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