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Saudi Arabia and its allies are now considering cutting output by 1 million to 1.4 million barrels per day.
Read More »Trump: Breaking with Saudi Arabia would Send Oil Prices `Through the Roof`
The Oil Price under the Control of Just Three Men
As oil prices have headed south. Saudi Arabia said it would cut exports by 500.000 bopd next month.
Read More »Oil Producers Not To Cut Output
Surging production from the world’s biggest oil producers have more than offset Iranian and Venezuelan supply losses.
Read More »Iraqi Kirkuk Oil Exports May Reach Up to 400.000 bpd
The increase in the volume of this export will take place in several stages.
Read More »Omnidirectional urban wind turbine takes out 2018 James Dyson Award
The O-Wind Turbine has taken out the UK£30.000 (US$39.000) first prize in this year'.s James Dyson Awards. This crooked. vented spherical device is designed to hang from skyscraper balconies and generate electricity in the chaotic wind conditions of a high
Read More »US has Failed to Stop Iran`s Oil Exports
The US is now pumping an unprecedented 11.6 million barrel per day (bpd) of oil.
Read More »Iraq to Pay for Imported Iranian Gas in Euros
Iran began gas exports to Baghdad in June 2017.
Read More »Oil Prices Rise amid Expected OPEC Cut
Japanese refiner Fuji Oil is set to resume Iranian crude purchases after Japan received one of those waivers.
Read More »Egypt Tends to Become Major Energy Exporter
Egypt is investing in a processing plant on the Red Sea that could produce some four million tonnes of petro-products a year.
Read More »Libya Sees Exemption from Future OPEC Cuts
OPEC and its allies are considering cutting oil output in 2019 as the group is increasingly concerned about the potential for oversupply.
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