Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
China continues its effort to switch away from coal.
Read More »Asian LNG Glut Surpasses China’s Strong Demand Growth
Russia Signals OPEC & Allies could Raise Oil Output after June
The joint ministerial monitoring committee of OPEC+ is meeting in May.
Read More »Oil at 5-Month High amid OPEC-Led Supply Cuts
Sanctions can cut 500.000 bpd of Venezuelan exports.
Read More »Saudi Arabia to Ditch Dollar if Washington Passes NOPEC Bill
At the current price of USD 70 per barrel. the annual value of global oil output is USD 2.5 trillion.
Read More »West Karoun Oil Production not Affected by Floods
Iran’s production from the oilfields in West Karoun has risen to 350.000 barrels per day during the last two years.
Read More »Oil Prices Fall Amid Unexpected Increase in Crude Stocks
Positive signs in the Sino-U.S. trade front eased concerns over the potential negative impact on oil demand from the world’s two biggest oil importers.
Read More »OPEC+ Pact will be ‘Easy’ to Extend beyond June
Iran is exempt from oil-output cuts following Trump’s decision to re-impose sanctions on the country last year.
Read More »US Rises Crude Oil Stocks and Output
Crude oil production in the U.S. rose by 100.000 barrels to 12.2 million barrels per day (bpd) for the week ending March 29.
Read More »Saudis Raised Taxation on Aramco by Switching to Brent Oil
The change could add nearly 7 percent to the price used to determine the royalty.
Read More »Oil Prices Approaches $70 amid OPEC Supply Cuts
Venezuela'.s state-run energy company. PDVSA. kept oil exports near 1 million barrels per day in March despite US sanctions.
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