Iran is OPEC’s third-largest producer. providing more than 2 percent of global oil output.
Read More »Trump: Breaking with Saudi Arabia would Send Oil Prices `Through the Roof`
Saudi Arabia and its allies are now considering cutting output by 1 million to 1.4 million barrels per day.
Read More »The Oil Price under the Control of Just Three Men
As oil prices have headed south. Saudi Arabia said it would cut exports by 500.000 bopd next month.
Read More »Oil Producers Not To Cut Output
Surging production from the world’s biggest oil producers have more than offset Iranian and Venezuelan supply losses.
Read More »US has Failed to Stop Iran`s Oil Exports
The US is now pumping an unprecedented 11.6 million barrel per day (bpd) of oil.
Read More »Iraq to Pay for Imported Iranian Gas in Euros
Iran began gas exports to Baghdad in June 2017.
Read More »Oil Prices Rise amid Expected OPEC Cut
Japanese refiner Fuji Oil is set to resume Iranian crude purchases after Japan received one of those waivers.
Read More »Libya Sees Exemption from Future OPEC Cuts
OPEC and its allies are considering cutting oil output in 2019 as the group is increasingly concerned about the potential for oversupply.
Read More »Russian Energy Minister Plans to Sign OPEC Partnership Deal
Russian Energy Minister Plans to Sign OPEC Partnership Deal.
Read More »OPEC Secretary General: There is Sustainable Market Stability
The assurance on sustainable stability was necessary in the wake of emerging uncertainties in world energy demand.
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