OPEC agreed to a modest rise in oil production from next month.
Read More »Saudi Arabia Invites Russia to Join OPEC as Observer
The idea to bump output has been advocated by Saudi Arabia and Russia.
Read More »OPEC. Non-OPEC Producers Arrange to Boost Oil Output
The group equally stated they will meet again on December 4. 2018 to review their decision and its impacts on the market.
Read More »Oman Continue Iran Gas Pipeline
The governments of Iran and Oman signed an agreement in 2013 for the construction of the 400-kilometre pipeline.
Read More »Libya`s NOC Confirms LNA Control of Oil Ports
Libya’s national oil production has dropped to between 600.000 and 700.000 bpd due to the closure of the ports.
Read More »Iran doesn’t Believe Oil Customers to Get Sanctions Waivers
The request to halt Japanese imports signals a tougher stance than in 2012.
Read More »OPEC Members Increase Oil Production to Cool Down Rising Prices
The major producers appear to have consumers’ interests in mind more than they have in the past.
Read More »US Sanctions have no Effect on Iran-Iraq Oil Swap
Iran started swapping oil with Iraq’s Kirkuk on June 3.
Read More »Kazakhstan Expects Fair Redistribution of Quotas between OPEC+ Countries
Oil production at Kazakhstan'.s Kashagan field will not be increased in 2018 to 370.000 barrels per day.
Read More »OPEC Ministers Start Talks on Increasing Oil Production
Redistribution of quotas between countries to reduce oil production would become main issue at the meeting.
Read More »