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OPEC members agreed in November to cut production by 1.2 million barrels per day for six months.
Read More »OPEC Wants `Collective Efforts` to Counter US Oil Output
Russia Boosts Urals Oil Flow to India as OPEC Cuts Production
India'.s main crude suppliers. Saudi Arabia and Iraq. cut exports to India this year due to production curbs.
Read More »Macron Win. OPEC Cuts Not Enough to Stimulate Oil Markets
An extension of the OPEC agreement will not be enough to raise global oil prices significantly.
Read More »Iran in Final Talks with World`s Giant Oil Companies
NIOC endorsed qualification of 29 foreign E&.P firms to enter partnership with Iran under new oil contracts.
Read More »National Oil Companies `Seeing Need for Restructuring`
Singapore serves as Asia'.s oil hub and is one of the world'.s top three export refining centers.
Read More »Russia Backs Saudi Proposal to Extend OPEC Oil Cuts Beyond 2017
Russia said it supports a suggestion from Saudi Arabia that OPEC and its allies extend their oil output cuts into next year.
Read More »Iranian. Malaysian Oil Firms Sign Cooperation Deal
Iranol and Petronas will boost their cooperation on engine oil and industrial lubricants production.
Read More »Petronas Targets New Markets for LNG
Malaysia relies on its only Fortune 500 company for nearly a third of its oil and gas-related revenue.
Read More »Siemens to Begin Transformer Supply to Iran
Germany’s Siemens plans to resume providing power transformers to Iran.
Read More »NIOC Finalizing Deal with OMV
The sanctions removal in January 2016 revived the incapacitated oil sector.
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