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Libya is a significant supplier of oil to Europe. producing around 1.1 million barrels per day (bpd) of crude in March.
Read More »Oil Prices Hit Highest in 5 Months as Libya Fighting Tightens Supply
Gulf Firms Confront New Era of Low Oil Prices with Merger Wave
Surging oil prices over more than a decade helped many Gulf states expand aggressively at home and abroad.
Read More »Russia Signals OPEC & Allies could Raise Oil Output after June
The joint ministerial monitoring committee of OPEC+ is meeting in May.
Read More »Iraqi Oil Min. Calls for Enhanced Energy Cooperation with Iran
Iraq had a company like EIED which could establish ties with its Iranian opposite number.
Read More »Oil at 5-Month High amid OPEC-Led Supply Cuts
Sanctions can cut 500.000 bpd of Venezuelan exports.
Read More »Saudi Arabia to Ditch Dollar if Washington Passes NOPEC Bill
At the current price of USD 70 per barrel. the annual value of global oil output is USD 2.5 trillion.
Read More »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.
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