Equatorial Guinea has been accepted as a new member of the Organization of the Petroleum Exporting Countries (OPEC).
Read More »South Africa Wants Sinopec to Retain Refinery Capacity
Sinopec will pay almost $1 billion for a 75 percent stake in Chevron Corp'.s South African assets and its subsidiary in Botswana .
Read More »Iran Oil Minister. Total CEO Meet in Vienna
The today OPEC meeting is to focus on the extension of the November 2016 agreement on cutting oil supply.
Read More »Extension of OPEC Oil Deal Not to Down Iran’s Oil Output
OPEC members would decide during the meeting on May 25 to extend the 1.2 mb/d oil cut for six or nine months.
Read More »Algeria Suggest Creation of Committee to Monitor Market
Several countries. notably Russia and Saudi Arabia. saw the Algerian proposal as a good suggestion and found it interesting.
Read More »OPEC Extends Oil Output Cut by Nine Months
OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018.
Read More »Turkmenistan Might Join OPEC Oil Output Cuts
The SPR sales would not start until October 2018 and would amount to just 95.000 bpd. or 1 percent of current U.S. output.
Read More »Iran Could Be Important Contributor to European Gas Supply Diversification Efforts
Iran has 33.5 trillion cubic meters of proven gas reserves - the second largest in the world after Russia.
Read More »Min: Iran Supports OPEC Oil Cut Extension
OPEC members are preparing to hold meeting on May 25 to discuss the market and oil cut deal in Vienna.
Read More »Asian markets Pause after Oil Rally
Traders are now awaiting the release this week of minutes from the Federal Reserve'.s latest policy meeting.
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