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The move marks a reversal for these companies - which did not join the Oil and Gas Climate Initiatives (OGCI) when it was set up in 2014.
Read More »The US`s Biggest Oil Companies Join to the `Climate OPEC`
Saudi Arabia. Russia Violated OPEC Deal on Output Cuts
U.S. sanctions on Iran’s petroleum sector are set to take effect next month.
Read More »Saudi Arabia Plans Oil Production Rise in October. November
Oil producers have added a total of about 1 million bpd output in ``recent weeks and months``.
Read More »About 30 Energy Ministers to Take Part in Russian Energy Week in Moscow
The ministers will be able to discuss state policy in the energy sector during a special ministerial conference organized as part of the Russian Energy Week.
Read More »Russia Can’t Offset Iranian Oil Supply Loss to Asia
In Europe. Russia’s Urals is considered to be one of the best replacements for Iranian grades.
Read More »U.S. Oil Prices Hits Four-Year Peak ahead of Sanctions on Iran
Brent has risen by more than 20 percent from its most recent lows in August.
Read More »OPEC Oil Production At Highest In 2018
Saudi Arabia. OPEC’s de facto leader and largest producer. pumped 10.53 million bpd in September.
Read More »Global Oil Industry Needs $11trn Investment
Oil-related investment requirements across the upstream. midstream and downstream are estimated at around $11 trillion in the period to 2040.
Read More »Trump Intensifies Saudi. OPEC Criticism to Little Effect
On Saturday. Trump spoke with Salman about ".efforts to maintain supplies to ensure the stability of the oil market.
Read More »Oil Hits Four-Year High ahead of Iran Sanctions
Brent was pushed up by the looming sanctions against Iran. which will start targeting its oil sector from Nov. 4.
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