Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
India is working to diversify its oil supply sources to cut dependence on the Middle East.
Read More »Middle East Share of India’s Oil Imports Falls to 4-Year-Low
OPEC. Partners to Extend Production Cut Deal to End of 2020
Crude oil output from OPEC would dip to 29.6 million barrels per day in 2020.
Read More »OPEC Sees Growing Supply Threat From Rivals Beyond U.S. Shale
OPEC’s latest forecasts suggested a weaker outlook for global oil markets this year as surging supplies from competitors from Norway to Guyana threaten the group’s efforts to defend crude prices.
Read More »Geopolitical Tensions won`t Lead to Oil Market Shock
The oil market has been driven in recent years by a surge of non-OPEC production that has outstripped demand.
Read More »IEA Sees well Supplied Oil Market despite Slower US Supply Growth
Saudi Arabia cut crude production to 9.68 million b d from 9.88 million b d in November.
Read More »Iraq`s Oil Supply Vulnerable amid Mideast Tensions
Iraq’s fragile security situation may limit its plans to expand oil-production capacity in the medium-term.
Read More »OPEC+ Members Stay Focused on Production Cuts Despite Mideast Unrest
Saudi Arabia’s energy minister said that OPEC and its allies remain focused on using production cuts to reduce oil inventories to normal levels.
Read More »OPEC+ Partnership to Endure Beyond Oil Production Cuts
OPEC. Russia and nine other countries are entering their fourth year of production cuts aimed at supporting oil prices.
Read More »Saudi Arabia Committed to Oil Market Stability
There is no more reliable and responsible supplier than Saudi Arabia.
Read More »Oil Set for Biggest Weekly Loss Since July as Mideast Risk Eases
Oil headed for its biggest weekly loss since July as the prospect of an immediate confrontation between the U.S. and Iran abated.
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