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 »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 »Azar Oilfield Output to Reach 30.000 bpd
Crude oil output from Azar field will reach 30.000 barrels per day in four weeks from the present 15.000 bpd.
Read More »Iran Revealed Petrochemicals to World Investors
More than 100 foreign executives. traders and petrochemical producers are attending the 13th international Iran Petrochemical Forum .
Read More »New Oil Contracts Will Rouse Iran`s Job Market
Iran is pushing with plans to play a bigger role in the global energy mix.
Read More »Oil Majors Present Development Plans for Iranian Oil Projects
Azadegan'.s in-place oil is estimated at 33.2 billion barrels.
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