Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
The June Medium grade price differential was the highest since December 2013.
Read More »Saudi Aramco Raises All June Asia-Bound Crude OSPs by $0.40-$1.20 b from May
Iraq will Respect OPEC Agreement and not Raise Production
Iraqi oil output was around 4.57 million b d in April.
Read More »Crude Oil Futures Lower as US. Saudi Poised to Fill Iran`s Supply Void
The number of rigs targeting gas rose by nine to 224. while the oil-directed rig total increased by 11 to 857.
Read More »Market Awaits Impact of Iran Sanction Waivers Expiration
EIA data showed the inventories jumped almost 10 million barrels last week.
Read More »OPEC+ Working to Avoid `Any Energy Crisis` with 2 Members under Sanctions
All members remain focused on OPEC'.s principal objective to ensure stability at all times in n the oil market.
Read More »Crude Oil Futures Lower on Trump Comments. Awaits Fresh Cues
The 21-mile Strait of Hormuz at the mouth of the Persian Gulf handles roughly 40% of global crude trade.
Read More »Iraq Needs a Lot more Water to Fuel Its Oil Growth Ambitions
Most of Iraq'.s southern fields in Basrah are operated by international oil companies.
Read More »Oil Prices Expected to Rise in Summer as US Toughens Stance on Iran Sanctions
Donald Trump is betting that Saudi Arabia and other OPEC members make up for the shortfall.
Read More »OPEC Decision to be Made After Reviewing Oil Prices
OPEC is set to meet on June 25 in Vienna to discuss extending the agreement to cut output by 1.2 million b d beyond the end of June.
Read More »Aramco Buys Shell`s 50% Stake in SASREF Refinery
Aramco is expanding its refining operations and petrochemical output.
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