Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
The expert expects the Persian Gulf tensions to persist within a year and a half.
Read More »Experts Warn about Risks of Oil Price Plunge in 2020
IEA Emergency Stocks Large Enough to Cover Disruptions in Oil Supply from Strait of Hormuz
IEA countries hold 1.55 billion barrels of public emergency oil stocks.
Read More »We can`t Expect Oil Prices To Go Much Higher
Slowing oil demand growth and a persistent global glut will cap oil prices and keep them from rising too much.
Read More »Huge Oil Glut Coming In 2020
The extension of the OPEC+ cuts through the first quarter of 2020 removes a major uncertainty.
Read More »OPEC Deal couldn`t Change Fundamental Outlook for Oil Market
Any slowdown in global economic growth will put the brakes on demand for oil.
Read More »Iran’s Oil Minister Warns Russia-Saudi Alliance could Kill OPEC
Tehran has no problem with reducing global crude production.
Read More »US Unable to Zero Iran`s Oil Exports
Iranian Parliament Speaker Ali Larijani said that Washington has failed in its attempts to prevent Iran'.s oil sales and its purchase of goods from other countries.
Read More »Saudi Arabia may Cut August Crude Oil Prices to Asia
State oil giant Saudi Aramco sets its crude prices based on recommendations from customers.
Read More »Russia. Saudi OPEC+ Extension Pact will Help Stabilize Oil Market
Russia agreed with Saudi Arabia to extend by six to nine months a deal with OPEC on reducing oil output.
Read More »Russia. OPEC will Support Oil Prices
The deal removed 1.2 million barrels a day of OPEC+ production. helping to send oil prices higher.
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