Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
OPEC and its allies have been reducing oil output by 1.2 million barrels per day since Jan. 1 to support the market.
Read More »Iran. Russia Talks Raise Hopes of Progress on OPEC+ Meeting Date
Tanker Attacks Hits Oil-Import Dependent Asia
Japan is the world’s fourth-largest consumer of oil — after the US. China and India.
Read More »Saudi Energy Minister Hopes to Balance Oil Market before Next Year
Falih hopes oil producers will be able to balance the oil market before next year.
Read More »Oil Supply to Swamp Demand. Squeeze OPEC in 2020
Global oil supplies will increase far more than demand next year with the start of a host of new projects. putting further pressure on the OPEC cartel.
Read More »Oil Demand Signals are Flashing Red as Price Dives Toward $50
Oil demand is shriveling as the trade war between the U.S. and China trips up the global economy.
Read More »The Outlook for Oil Demand Growth in 2019 Dims over Global Economy Worries
World oil demand will rise by 1.14 million barrels per day (bpd) this year.
Read More »Trade Disputes. Geopolitics. Rising Non-OPEC Supply Make for Challenging 2H19
OPEC pumped 29.88 million b d in April. according to an average of the secondary sources used to monitor output.
Read More »OPEC Cuts 2019 Oil Demand Growth Forecast
World oil demand will rise by 1.14 million barrels per day this year. 70.000 bpd less than previously expected.
Read More »Goldman Sees Hard Path to OPEC Extension for Russia. Saudis
Stockpiles are currently at the highest level since mid-2017. according to Energy Information Administration data.
Read More »OPEC Nears Deal to Keep Output Curbs in Place
OPEC is currently scheduled to meet on June 25.
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