Iran’s production has declined by 860.000 bpd since the third quarter of 2018.
Read More »BP has `Dramatically Reduced` Oil and Gas Exploration
Cutting the carbon from its oil and gas products would be beneficial to BP'.s business.
Read More »Oil Falls from 2019 Highs but Set for Third Weekly Gain
Beyond OPEC. oil prices have been boosted by U.S. sanctions against OPEC members Iran and Venezuela.
Read More »Star Refinery will Reduce Turkey`s Diesel Imports to 40%
The total refining capacity of the refinery will be 10 million tons.
Read More »Trump`s Plan to Preserve Benefits for Oil Drillers in Future
The Trump administration is seeking to sign contracts leasing new coastal waters for oil drilling under favorable terms.
Read More »Iran Boosts Natural Gas Production at South Pars with $11 Billion Expansion
About 152.000 barrels day of gas condensates will be produced from the South Pars expansion.
Read More »OPEC to Stay the Course as Crude Inventories Remain High
OPEC+ is scheduled to meet in the Austrian capital of Vienna in April for an extraordinary general meeting.
Read More »Russia Committed to Implementation of OPEC+ Deal
The event then will feature a presentation on the pace of oil market development.
Read More »OPEC+ will Continue Monitoring Oil Markets in H2 2019
Russia will cut production by 228.000 barrels per day.
Read More »OPEC may Cancel April Meet. but Hold Steady on Oil Output
The JMMC includes major oil producers Saudi Arabia and Russia and monitors the oil market and conformity levels with supply cuts.
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