Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
U.S. crude inventories are the highest since July 2017.
Read More »Oil Prices Climb but set for biggest weekly loss of 2019
Russia’s Dirty Oil Crisis Is Worse than almost Anyone Predicted
Druzhba usually supplies up to 1.5mn barrels a day of Russia’s benchmark Urals blend into central Europe.
Read More »Active Oil Rig Number Falls amid Oil Price Correction
US oil production ticked up slightly for week ending May 17. coming in at 12.2 million bpd- just 100.000 bpd off the April 26 high of 12.3 million bpd.
Read More »Foreign Ministry Tasked with Oil Talks with Europe
Iranian Oil Minister Bijan Namdar Zanganeh said that the Supreme National Security Council (SNSC) has tasked the Foreign Ministry with holding talks with European countries on Tehran’s oil exports to the bloc.
Read More »Oil Prices Drop Three Percent to $70
U.S. crude inventories swelled by 4.7 million barrels in the latest week to their highest since July 2017.
Read More »Trade Tensions and Stockpiling Continue to Hurt Oil Prices
Brent is set for its biggest weekly fall in six months and WTI in 15 weeks.
Read More »Baghdad does not Want US-Iran War
Iraq is playing a role to calm the situation but it is not a mediation.
Read More »OPEC+ Considers Oil Production Increase in the Second Half of 2019
Oil prices have rose by more than 30 percent this year.
Read More »OPEC+ Cooperation should Include Joint Investments Issues
Partnership among the OPEC+ nations should include issues of joint investments and technological cooperation.
Read More »Russia Open to Relaxing OPEC+ Cuts as Saudis Urge Staying Course
For Russia. the full-compliance option would be less attractive. adding just several dozens of barrels to the average daily output.
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