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As of 2017. the EIA has calculated daily oil consumption in the country averaged 19.88 million barrels.
Read More »Trump Administration Accepts Energy Dominance Agenda
Crude Prices Mixed as U.S. Readies Sanctions on Iran
Saudi Arabia might be seeking to expand its oil production by building an oil port in Yemen’s al-Mahra governorate.
Read More »Saudi Arabia Cooperation with Tesla. Preparation for Post-Oil Economy
If the deal goes ahead. it is going to be just one step along the much longer journey for Saudi Arabia.
Read More »Venezuela Agrees to Pay $2B to ConocoPhillips Over Five Years
About 64% of Venezuelans report having lost an average of 24 pounds in 2017.
Read More »Brent Oil Stabilizes near $72 as Economic Concerns Weigh
Iran told OPEC on Sunday no member country should be allowed to take over another member'.s share of oil exports.
Read More »Gulf Exporters Benefit as Battle for Asia Market Share Heats Up
A tariff war between China and the US may damage global trade but could benefit Gulf oil exports.
Read More »Iran Looking for Options on Oil Sales amid US Sanctions
President Trump earlier this year announced the U.S. is re-imposing sanctions on Iran that will include Iranian oil sales.
Read More »Japan Increase U.S. LPG Purchases due to Sino-U.S. Trade Conflict
The U.S. has become increasingly price competitive.
Read More »No OPEC Member can Take over Iran`s Share of Oil Exports
Iran is the third-largest oil producer in the Organization of the Petroleum Exporting Countries after Saudi Arabia and Iraq.
Read More »Iran will Maintain Gas. Power Exports to Iraq
Today. many Iraqi cities have security and stability. which alleviates the fear and risk of investment for foreign companies.
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