The main factor keeping oil prices from rising even further is soaring U.S. oil production.
Read More »Turkmenistan Stops Oil Exports due to Vitol and SOCAR Clash
Some traders say the decision was driven by pricing disagreements.
Read More »U.S.-China Trade Deal Leads to Higher Energy Price
Higher energy prices will lead to higher gasoline prices in the U.S.
Read More »Saudi Arabia. Pakistan to Form JWG for Oil Projects
Both the sides agreed to establish a JWG aiming to exchange information.
Read More »OPEC. Allies Reset Oil Cuts. about Half are Keeping the Bargain
OPEC and its partners implemented a slightly different version of their supply-cut agreement in 2017-2018.
Read More »South Korea Imports One-Fifth of Pre-Sanction Iran Oil
South Korean refiners and chemical heavily relied on Iranian condensate for production of various petrochemical products.
Read More »Eni increases Oil & Gas Production in Kazakhstan
Eni operates 2 oil and gas fields in Kazakhstan – Kashagan and Karachaganak.
Read More »Iran Launches Major Petrol Project
Persian Gulf Star Refinery is the world’s largest gas condensate refinery and the first one in the Middle East.
Read More »Iran Sending Radio-Medicines to 15 Countries
Iran will be able to even export radio-medicine to foreign countries once the project. labeled as GMP. becomes operational.
Read More »Oil Price Escape from 2019 High after China Reports Car Sales Drop
China’s vehicle sales last month fell by 15.8 percent versus the same month in 2018.
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