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The two countries will probably resume production on two joint oilfields in the south of Kuwait.
Read More »Saudi Arabia and Kuwait will Form Co-operative Council
India Must Resist US Pressure. Buy Oil from Iran
Efforts now need to be made on devising a financial mechanism to overcome the US sanctions.
Read More »OPEC Looking for Legal Strategy as U.S. Pushes Anti-Cartel Bill
OPEC pumps about a third of the world’s crude. and the biggest of its 15 members is Saudi Arabia. one of America’s closest friends in the Middle East.
Read More »OPEC Considers Measures in Case Adoption of US Bill against Oil Cartels
OPEC is consulting with lawyers to prepare a strategy to defend against proposed U.S. legislation that could open the cartel up to antitrust lawsuits.
Read More »Venezuela Evaluates Plans to Raise Oil Production
Anticorruption probes advanced by the Public Ministry caused that 90 executives of Pdvsa were arrested over the last 11 months.
Read More »Venezuela Discuss It Plans to Raise Oil Production
Venezuela’s crude oil production dropped in June by 47.500 bpd from May. to average 1.340 million bpd last month.
Read More »Iran Denounce Saudi Arabia for Pumping `Above Target`
Last month. members of OPEC agreed to pump an additional 1 million barrels of crude daily.
Read More »No Electricity Supply to Iraq in Near Future
Earlier this month. Iran has cut electricity supplies to Iraq due to unpaid bill. affecting Iraq’s Dhi Qar. Maysan and Basra provinces.
Read More »Could Russia and US Work Together to Regulate Oil Prices?
Trump has said Putin is ``a competitor. and a good competitor he is.``
Read More »Most Asian Markets Down as Oil Slump Hits Energy Firms
The risk that current trade tensions escalate further is the greatest near-term threat to global growth.
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