Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Members of OPEC and non-OPEC countries participating in a supply-reduction agreement are on course to reach 100 percent compliance.
Read More »OPEC Urges Producers to Increase Oil Capacities
Moscow Hopes to maintain Stability in Oil Market
Russia and Iran are in permanent contact which will help reinforcing cooperation in all levels of trade ties especially in energy sector.
Read More »Saudi Arabia is Committed to Meeting India’s Oil Demand in Case of Shortfall
Saudi Arabia is India’s second largest oil supplier after Iraq.
Read More »Abu Dhabi Invites Indian Companies to Expand Investment in It`s Downstream Sector
India is the world’s third-largest consumer of oil.
Read More »U.S. Gulf of Mexico Oil and Gas Output Increasing after Hurricane
Offshore production in federal waters of the U.S. Gulf of Mexico accounts for 17 percent of total U.S. crude output.
Read More »Libya’s NOC to Close Refinery if Security Violations Continue
Libya is currently producing 1 million bpd of oil on average and plans to increase output.
Read More »Oil Rises as Saudi Arabia Threatened to Retaliate any Sanctions
Crude has retreated more than 5 percent after reaching a four-year high earlier this month.
Read More »IEA Cuts Oil Demand Forecasts. Expects Prices Staying High
The IEA cut its estimate for global oil-demand growth for both 2018 and 2019.
Read More »NIGC Studying Tenders for First Mini LNG Plant
The mini plant will have a production capacity of 30 tons of LNG per day.
Read More »Saudi Oil Output Rise will Meet India`s Demand
Saudi Arabia has the capacity to produce 12 million bpd and is currently producing 10.7 million bpd.
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