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Kim Jong Un pledged at a historic summit on Tuesday to move towards complete denuclearisation.
Read More »Japan would Help with Initial Costs of North Korea Denuclearisation only after IAEA Inspections
Saudi Aramco`s Huge Investment to Double Refining Capacity
The chemicals business is Aramco’s key strategy.
Read More »Oil Stable amid Cautious Optimism over Trump. Kim Summit in Singapore
OPEC and its partners are due to meet at its headquarters in Vienna. Austria. to discuss policy.
Read More »Iran to Issue Bonds for Investment in Oil Sector
In May. French oil major Total said it might pull out of its investment in Iran’s South Pars gas field if it cannot secure a waiver from the U.S. government.
Read More »Oil Prices Decline on Rising Supplies from U.S.. Russia
Russian output hit 11.1 million bpd in early June.
Read More »Iran to Increase Oil Production by 460 Million Barrels in Three Years
More than 75 percent of the equipment for developing the output is Iranian.
Read More »PDVSA Transfers Oil at Sea Despite Customer Doubt
The delivery method entails specialized equipment and training and higher costs for ship owners and customers.
Read More »Iraq Starts Exporting First Crude Oil Cargo through IOTC
Iraq has formed a joint venture with a shipping company owned by Arab states to transfer. store and trade crude and oil products.
Read More »Russia Says Demand should Determine Oil Deal Easing
OPEC and non-OPEC countries should take a decision on a possible adjustment of the current deal on oil output cuts by looking into oil demand.
Read More »Iraq Signs Oil Agreement with Chevron
Chevron has signed a memorandum of understanding (MoU) with Basra Oil Company.
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