Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
OPEC meets at the end of this month and has been widely expected to extend the deal.
Read More »Brazil Rejects Saudi Arabia`s Overtures on Oil Output Cuts
U.S. Shale to Rise Much Faster Than Expected
US tight oil production has exceeded previous growth expectations and is currently forecast to contribute to a rise in overall US liquids by some 0.6 mb d in 2017 and then 0.9 mb d in 2018.
Read More »OPEC Prepares For Peak Oil Demand in Late-2030s
Oil demand could peak in the 2030s if the electric car boom proceeds as promised by the world’s green energy innovators. according to OPEC.
Read More »Iran`s Oil Price Passes $60
Iran'.s oil production is about 3.9 million barrels a day. including the 2.2 million barrels exported.
Read More »Surge in Car Ownership to Drive Oil Demand Growth – OPEC
OPEC noted that advances in internal combustion engines has also made them more efficient.
Read More »OPEC Seeking to Reach Consensus on Output Cut Extension
OPEC is seeking to achieve consensus agreement before a meeting on Nov. 30 about extending a global pact to curb oil production.
Read More »Saudi Arabia`s `Game of Thrones` and Big Implications for Oil
Saudi rulers likely also would like to keep oil prices stable ahead of the planned IPO of state oil company Saudi Aramco expected next year.
Read More »Turkmenistan to Join Delegates of OPEC+ Session in Vienna
Turkmenistan will observe in the next session on declaration on cooperation in Vienna on November 30.
Read More »OPEC’s Grand Planners are Already Thinking about $70 Oil
Moscow is worried about letting prices rise too far. even suggesting that $60 would be enough to justify ditching the output agreement.
Read More »Russia. Saudi Arabia Ready for more Work to Cut Global Oil Inventory
There is a general satisfaction with the strategy of 24 countries that signed a declaration of cooperation.
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