Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Under the current deal the producers are cutting supply by about 1.8 million barrels per day (bpd).
Read More »Exit Strategy of Global Cuts to be Discussed before June
Iraq Oil Minister Says Kirkuk Oil Swap Deal with Iran is for One Year
Iraq has asked BP to help increase output from Kirkuk oilfield to more than 700.000 barrels per day.
Read More »Troubled GE Slashes 12.000 Energy Jobs
GE shares were up 0.5 percent in premarket trade. However. the company’s shares have sunk 44 percent this year.
Read More »Venezuelan Crude Exports to U.S. Fall To 15-year Lows
Venezuelan crude exports to the U.S. fell last month to their lowest levels since January 2003.
Read More »CNPC Warns of China Gas Shortages if Extreme Weather Hits
CNPC recently completed construction of a fourth string on its key Shaanxi-Beijing gas pipeline system.
Read More »China`s Natural Gas Push is too Successful. Creates Price Dilemma
The dilemma facing the NDRC is how to ensure sufficient natural gas without boosting prices too high to start causing economic pain to consumers.
Read More »Saudi Arabia Raises Official Prices for All Crude to Asia in January
This is the highest premium for the flagship Saudi grade since September 2014.
Read More »OPEC will Stick to Policy in Second Half of 2018
OPEC is expected to stick to its current policy of output cuts in the second half of 2018.
Read More »As OPEC Extends Output Cuts. Asia Turns to North America for more Oil
The U.S.-Asia route is at least twice as long as that from the Middle East to the main Asian trading hubs in China. Japan. South Korea. Taiwan and Singapore.
Read More »Shell. PetroChina JV Paves Way toward Big Gas Development in Australia
Supplying QCLNG will help make the development more profitable. Shell said.
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