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OPEC meets at the end of this month and has been widely expected to extend the deal.
Read More »Brazil Rejects Saudi Arabia`s Overtures on Oil Output Cuts
Shell To Hand over Iraq’s Majnoon Oilfield To Basra Oil
Basra Gas is a joint venture between Shell. South Gas Co.. Mitsubishi Corp. and the petrochemical project Nebras.
Read More »Total Officially Set in Motion to Start Iran Project
Total would be the first major Western enterprise to invest in Iran’s energy sector after the removal of sanctions against the country in 2016.
Read More »U.S. EIA Lifts 2018 World Oil Demand Growth Forecast
In its monthly forecast. the agency cut its oil demand growth estimate for 2017 by 40.000 bpd to 1.31 million bpd.
Read More »OPEC Seeking to Reach Consensus on Output Cut Extension
OPEC is seeking to achieve consensus agreement before a meeting on Nov. 30 about extending a global pact to curb oil production.
Read More »BP. Shell Lead Plan for Blockchain-Based Energy Trading Platform
The new venture is seeking regulatory approvals and would be run as an independent entity. the consortium said in a statement.
Read More »U.S. Oil Service Firms Face Hit from Venezuela Debt Restructuring
Schlumberger has about $700 million at risk. including receivables and a promissory note for past work.
Read More »Russia. Saudi Arabia Ready for more Work to Cut Global Oil Inventory
There is a general satisfaction with the strategy of 24 countries that signed a declaration of cooperation.
Read More »EU Plans Rule Change to Snag Russian Pipeline
Five European energy firms are financing the 1.225 km (760 mile) pipeline to carry 55 billion cubic metres of gas per year.
Read More »Weak U.S. Demand for Basra Crude Wipes out Premium for Iraq`s Oil
To cope with Basra crude surplus in the United States. traders have slowed ships and stored some cargoes off the Gulf Coast. shipping data on Eikon showed.
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