Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
At the current price of USD 70 per barrel. the annual value of global oil output is USD 2.5 trillion.
Read More »Saudi Arabia to Ditch Dollar if Washington Passes NOPEC Bill
Oil Prices Fall Amid Unexpected Increase in Crude Stocks
Positive signs in the Sino-U.S. trade front eased concerns over the potential negative impact on oil demand from the world’s two biggest oil importers.
Read More »OPEC+ Pact will be ‘Easy’ to Extend beyond June
Iran is exempt from oil-output cuts following Trump’s decision to re-impose sanctions on the country last year.
Read More »Oil Prices Approaches $70 amid OPEC Supply Cuts
Venezuela'.s state-run energy company. PDVSA. kept oil exports near 1 million barrels per day in March despite US sanctions.
Read More »It should Be Easy to Extend Global Oil Deal
Zanganeh and Novak had agreed at the meeting to strengthen ties between the two oil exporters.
Read More »U.S. Drillers Focus More on Cash Flows
Now prices are higher than they were in January.
Read More »Russia is China’s Largest Crude Oil Source
Last year. China'.s crude oil imports surged 10.1 percent year-on-year to 460 million tons.
Read More »US may Renew Waivers to Five of Iran`s Importers
Iran’s production has declined by 860.000 bpd since the third quarter of 2018.
Read More »Asian Coal and Gas Prices Decline. A Reminder To Oil Markets
The liquefied natural gas spot prices decreased by more than half since September.
Read More »Oil Falls from 2019 Highs but Set for Third Weekly Gain
Beyond OPEC. oil prices have been boosted by U.S. sanctions against OPEC members Iran and Venezuela.
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