OPEC member Iran revealed plans to ramp-up production by at least 700.000bpd within the next four years.
Read More »Sonatrach to Invest $56 bln from 2018 to 2022
Algeria is a major gas supplier to Europe.
Read More »Weaker Dollar Hurts OPEC Countries. Helps Shale
The weaker dollar boosts U.S. exports. supporting shale producers.
Read More »Maduro Propose to Oil Producing States Cryptocurrency Mechanism
Venezuela has allocated five billion barrels of oil to back its cryptocurrency.
Read More »Kashagan Oil Field Increases Production
Daily production at Kashagan makes 300 000 barrels per day with application of advanced technology of gas burning.
Read More »US-Mideast Oil Battle Heating Up
The fight between the US and the Middle East for a slice of the Asian oil market is heating up. with their rivalry now spilling over into refined fuels.
Read More »U.S. Considers Raising Sanctions on Venezuelan Oil to Pressure Maduro
Venezuela’s crude oil sales to the United States in 2017 were the lowest since 1991.
Read More »Europe Avoids Russian Oil because of Quality
The quality of crude oil is measured based on the amount of sulphur and the level of gravity or density.
Read More »China Rejects U.S. Criticism of Relations with Venezuela
Since 2007. China has loaned more than $50 billion to Venezuela through an oil-for-loans.
Read More »Aramco’s Asia Light Oil Pricing Unchanged in Sign of Slower Demand
Growth in shale production should limit any increases in Saudi oil pricing.
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