Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
There were no talks underway to change the global output deal.
Read More »No Talks Underway to Change Oil Output Deal
Russia will Build $1bn Oil Complex in Saudi Arabia
The organization will stick to the agenda of keeping oil prices at a ``sensible level`` in the future.
Read More »Russia will Work with Arab States to Counter Energy Instability
Russia. Saudi Arabia and the UAE are all part of the OPEC+ coalition.
Read More »Yemeni Attack on Aramco Facilities Costs Saudi $2bn Worth of Oil Output
The attack by Yemeni forces last month shut down 5.7 million bpd of Saudi Arabia’s oil production.
Read More »Artificial Intelligence Is Changing Every Aspect of Oil Markets
Satellites and artificial intelligence are changing every aspect of the oil industry and oil markets.
Read More »Ecuador’s Decision to Withdraw from OPEC Came as Surprise to Organization
Ecuador’s oil reserves are estimated at 8.3 bln barrels of oil. Oil production in 2018 was at 517.000 barrels per day.
Read More »Too Early to Discuss Deeper Output Cuts
OPEC is counting on Russia to help sooth tensions between Iran and Saudi Arabia in order to help the global oil market stabilize.
Read More »Iran’s Oil Minister Holds Bilateral Meetings with Armenian. Qatari Counterparts
The Iranian Oil Minister Bijan Zanganeh held separate meetings with his Armenian and Qatari counterparts in Moscow.
Read More »Zangeneh Calls for GECF Resistance Against World Powers` Pressure
Iranian Minister of Petroleum has called on the Gas Exporting Countries Forum (GECF) member states to resist against pressure and imposition of opinions of some world powers. saying energy security should be in line with the interests of all countries.
Read More »Oil Min. Holds Bilateral Meetings with Armenian. Qatari Counterparts
The Iranian and Armenian ministers also discussed the latest bilateral plans between the two countries.
Read More »