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Given oil’s plummet at the end of last year. OPEC’s strategy to stabilize the market might look a bust.
Read More »OPEC Strategy still a Winner for Members
Oil Rises amid U.S-China Trade Talks. Supply Cuts
OPEC oil supply fell in December by 460.000 barrels per day (bpd).
Read More »Goldman Cuts Oil Price Forecasts for 2019
A surge in OPEC production in late 2018 means the market started this year better supplied than the last.
Read More »Iran’s Steel Production Rise by 18%
Last year. 14.169.000 tons of crude steel were produced in the eight month period.
Read More »Iran will Build 1000 MW Solar Farm in Markazi Province
Iran meets more than 80 percent of its demand for electricity from thermal power plants.
Read More »2019 will See a Record Amount of LNG capacity
60 million tpy of LNG capacity could receive a final investment decision (FID) this year.
Read More »Iraq Is Committed to OPEC+ Oil Output Reduction
Iraq oil minister has directed oil officials to take urgent measures to comply with the cuts.
Read More »Gas Flow from Russia Puts Pressure on Market
Europe’s LNG imports are expected to increase by 14% to 56 Bcm.
Read More »OPEC Output Falls most in 2 Years as Saudi Cuts Begin
The Saudis curtailed production by 420.000 barrels a day to 10.65 million last month.
Read More »Oil could Stay Low if OPEC doesn`t Maintain Its Cuts
In recent months. the Saudis increased production by more than 1 million barrels per day.
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