Iran was OPEC’s second-biggest supplier at the time of Zanganeh’s dismissal.
Read More »Kirkuk Stops Oil Shipments to Kurdish Regional Gov.
The oil produced in Kirkuk is exported to global oil markets via Turkey'.s Ceyhan port.
Read More »Oil Producers Set for Key Meeting in Abu Dhabi
The meetings are being co-chaired by Kuwait and Russia. in the presence of representatives from Saudi Arabia. which is serving as president of OPEC for 2017.
Read More »US Shale Production Decline
Shares of major shale producers. including Pioneer Natural Resources Co. and EOG Resources Inc.. tumbled this week as investors began to lose confidence in the prolific Permian basin.
Read More »Libya Crude Floods Market Again
It may be a challenge for Libya to maintain its current rate of exports.
Read More »OPEC Cuts: A Curse for U.S. Refiners. A Blessing for Canadian Oil Sands
OPEC’s biggest exporter and de facto leader. Saudi Arabia. has pledged to cut its total August exports to 6.6 million bpd.
Read More »Rising Iran`s Oil Exports to China
In the Middle East. the United Arab Emirates will take 111.000 bpd. up 3 percent from July.
Read More »OPEC Oil Price Down
The price for September futures of West Texas Intermediate (WTI) dropped by 0.14 percent and stood at $49.09 per barrel.
Read More »Libya Supply Drives OPEC Output to a 2017 high
Oil production has risen amid efforts to shift excess supplies.
Read More »Saudi Arabia Maintains Share of Japan`s Oil Imports
Despite production cuts. kingdom holds onto 40% slice by discounting light grade.
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