Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Iran has no plans to leave OPEC.
Read More »Iran Has No Intention of Withdrawing From OPEC
OPEC Close to Agreeing Oil Pact Extension
OPEC was close to agreeing to extend a pact on cutting oil supplies beyond June.
Read More »Putin Highlights Differences with Saudis as OPEC Decision Looms
A year ago. in the enduring twilight of one of St. Petersburg’s famous white nights of summer. Saudi Arabia and Russia reached an agreement that set a new direction for the oil market.
Read More »Oil Sinks Into Bear Market as U.S. Storage Jumps Most Since 1990
West Texas Intermediate crude entered a bear market and Brent tumbled below $60 after U.S. petroleum inventories ballooned. raising fears of a glut as trade disputes threaten demand.
Read More »Russia Sees $60 Oil Satisfactory
Due to the production cuts. Russia’s economy is expected to grow by just 1.2 percent in 2019.
Read More »OPEC has Vested Interest in Continued Growth of US
This commitment to a balanced market and a sustainable stability remains our key objective.
Read More »Oil Down amid Rise in US Inventories
OPEC. together with its allies. has been withholding production since the start of the year to prop up the market.
Read More »Russia`s 2019 Growth Outlook due to Lower Oil Output
Russia’s average daily oil output has dropped to a three year-low in June.
Read More »Growing Producer Consensus to Stabilize Market
The Kingdom is closely monitoring recent developments in the oil market.
Read More »Oil Prices Fall Amid Economic Slowdown
Other energy prices. like coal and gas. are also being hit hard by the downturn.
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