A potential military confrontation in the Arab Persian Gulf should not be ruled out. It will unquestionably block oil and gas lanes. and spike oil prices to unknown levels.
Read More »Kurdish Oil Keeps Flowing Despite Baghdad`s Threats Over Kirkuk
The federal government has sent troops into areas around Kirkuk and soldiers haven’t entered the city boundaries.
Read More »Russia Prepared for $40 Oil
Oil prices have fluctuated this year. falling below $45 a barrel and going above $59.
Read More »Iran Looks to Sign Its First FLNG Deal with Norway
Iran prefers exporting liquefied natural gas (LNG) to distant markets including the EU. but no agreement has been reached so far for construction of the plants for the purpose.
Read More »Iran Recoverable Oil Reserves Estimated at 101b Barrels
Iran has the potential to continue producing oil for at least a century.
Read More »Why Using Export Quotas in OPEC Risky?
Earlier. Barkindo said that in addition to production. it would be enriching also to look at other parameters such as export.
Read More »Iran Turns Oil-Polluted Lands into Green Belts
The third phase of the project is set to be launched in Khorasan province.
Read More »Petronas Looks to Exit from Iraq’s Majnoon Field
The field. located near the southern Iraqi city of Basra. pumped its first oil in September 2013.
Read More »India Needs Help to Boost Oil Production
India needs urgent measures to address the inexorable increase in domestic energy demand. which is driven mainly by the fast urbanization of the population.
Read More »New Iran Sanctions Could Send Oil Prices Higher
U.S. sanctions could cut off a lot of Iranian oil trade finance.
Read More »