Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
The pact runs until the end of 2018.
Read More »Iran Says no Need to Extend OPEC. Non-OPEC Pact If Crude Oil Prices Rise
Oil Market in the Process of Being Balanced
OPEC and non-OPEC producers are restraining production by a total 1.8 million barrels per day to prop up prices under a deal that is to expire at the end of 2018.
Read More »Faleh: Global Market could Absorb Higher Oil Price
Oil has rebounded to over $70 a barrel. after prices crashed to as low as $26 in January 2016.
Read More »Libya Oil Output Drops after Attack on Pipeline
The OPEC country'.s output has recovered in the last year to nearly 1 million b d.
Read More »Academic Finds Discrepancy in Trump`s Go at OPEC
Trump'.s verbal attack on OPEC is hardly justified.
Read More »Russia Eyes an Exit. while Saudi Arabia Set to Maintain Global Past
OPEC and its allies achieved a historic 149 per cent compliance in March.
Read More »Trump`s Assumption about Oil Price Contradicts the Economic Reality
The US has recently taken a series of measures which amount to waging trade wars.
Read More »Barkindo Says Oil Prices not Artificial
The organization had invited the US shale oil producers to take part in its seminar in June in Vienna.
Read More »Oil-Price Fall would Carry Risks for US Economy
In recent years. American reliance on foreign petroleum has dropped.
Read More »Libya Fuel Smuggling Costing $750 Million a Year
Libya. holder of Africa’s largest crude reserves and an OPEC member. is already reeling from political divisions.
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