Extension of the OPEC deal in May is quite likely. because OPEC and non-OPEC partners will be under pressure to extend it.
Read More »OPEC’s No.2 Plans Significant Raise in Crude Output Next Year
Iraq has started work on the third and final phase of the Halfaya oil field expansion.
Read More »Iran Becomes No.2 Oil Supplier to South Korea in First Quarter
Saudi Arabia held onto its spot as South Korea'.s top oil supplier for both March and the full quarter.
Read More »OPEC Secretary-General Participates in 3rd GCC Petroleum Media Forum
The project is aimed at developing a comprehensive. multi-dimensional and easy-to-use tool for analysing publicly available oil and gas data.
Read More »Oil Resumes Rally as OPEC Seen Extending Cuts. Dollar Declines
The Bloomberg Dollar Spot Index lost 0.4 percent.
Read More »Iranian Crude Oil at $53 Per Barrel
Saudi Arabia. the world'.s top producer ahead of Russia. is responsible for almost one-fourth of the total cuts.
Read More »Mexico Oil Sector Decline
Production in Mexico has declined for 12 years in a row and this year will be less than 2 million barrels a day.
Read More »OPEC Oil Price Drops Below $50/bbl
The price for June futures of West Texas Intermediate (WTI) has grown by 0.58 percent and stood at $49.91 per barrel.
Read More »Next OPEC Meet Crucial for Oil Market Stability
Growth in Saudi Arabia. the region’s largest economy. is expected to slow to 0.4% this year.
Read More »Iran`s May Crude Exports Set to Fall
In March. Iran loaded around 2.6 million bpd a day of both crude and condensate.
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