Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Extension of the agreement to cut oil production meets the interests of Azerbaijan.
Read More »OPEC Deal Extension Meets Azerbaijan Interests
Saudi Energy Minister Confident Oil Output Deal Will Work
Late last year. the 24 countries. including the OPEC and Russia. agreed to cut production by 1.8 million barrels per day in order to reduce global oil inventories.
Read More »Asian Energy Firms Sink as OPEC Output Deal Disappoints
The final decision sent both main oil contracts plunging Thursday. which in turn dragged energy firms lower.
Read More »US EIA Reveals Volume of Petroleum Import from OPEC
The US imported 3.793 million barrels of oil per day from OPEC countries in January.
Read More »Iran’s Oil Output Increases
Iran’s average oil output increased by 232.000 b d and 1 b d compared to 2016 and 2015 respectively.
Read More »Oil Is Struggling to Recover from Its OPEC Disappointment
Prices edged higher by 0.35% to $48.88 in early trading on Friday.
Read More »After OPEC Deal. Texas Oil Regulator Boasts of Victory
Texas shale producers forced OPEC this morning to extend its oil production cuts for nine months.
Read More »Libya Insists On Keeping Oil Output Cut Exemption
Libya. along with Nigeria and Iran. was exempted from the original agreement.
Read More »OPEC Welcomes Its New Member
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 .
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