The price for September futures of West Texas Intermediate (WTI) grew by 0.84 percent and stood at $47.77 per barrel.
Read More »Iraq Plans to Shift Basra Crude Price Benchmark for Asia from January
Iraq has been reforming its oil sector to achieve higher prices and setting up trading and shipping joint ventures.
Read More »Barkindo Congratulate Zanganeh’s Reappointment
Zanganeh is specifically credited at home for what many see as his success in increasing Iran’s oil and gas production capacity.
Read More »Russia Remains 2017 Largest Oil Producer in the World
The market data from JODI shows that Russia remains the world’s largest oil producer.
Read More »Iraq`s Oil Exports Dip. Still Some Way Off OPEC Compliance
The bulk of Iraq'.s oil is exported via the southern terminals. Smaller amounts are shipped from northern Iraq via Ceyhan in Turkey.
Read More »Oil Minister`s Priorities for 2017-21 Indicated
Iran produces around 880 million cubic meters of gas a day. two-thirds of which come from South Pars.
Read More »Iran Rises Oil Exports to South Korea by over 26% in July
In July. Iran exported 2.2 million bpd of oil to Asian and European markets. with its exports to Asia up by 100.000 bpd.
Read More »OPEC Oil Price Decrease
The price for September futures of West Texas Intermediate (WTI) grew by 0.02 percent and stood at $48.83 per barrel.
Read More »Kuwait Says Oil Spill Strikes Its Waters in Persian Gulf
Tiny Kuwait. an OPEC member nation. has the world'.s six-largest estimated oil reserves.
Read More »22 Countries of OPEC Deal Produce 470.000 b d in Excess
OPEC crude output rose by 230.000 b d in July to a 2017 high of 32.84 million b d. led by a strong recovery in Libya. according to IEA estimates.
Read More »