Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Oil prices are struggling to extend their gains as investors await further details regarding the U.S.-China ‘Phase One’ trade deal.
Read More »Oil Poised Near Three-Month Highs on U.S.-China Trade Hopes. Supply Cuts
Lukoil: Oil at $60-65 per Barrel Comfortable for OPEC+ Producers
Price shocks would only happen if producers violate their commitments.
Read More »Oil Prices Fall but Hold Near 3-Month High on Trade Deal Agreement
The United States and China cooled their trade war on Friday.
Read More »Oil Market will Remain Oversupplied despite OPEC+ Pact
The biggest reduction is expected to be in U.S. shale output.
Read More »OPEC Agrees to Cut Oil Output from Jan. 1
The key uncertainty facing the oil market now is OPEC+ supply from April.
Read More »Iranian Oil Minister to Meet OPEC’s Barkindo in Vienna
Zanganeh did not speak to reporters upon arrival in Vienna for the OPEC summit.
Read More »OPEC+ Panel Recommends Excluding Gas Condensate from Oil Output Figures
All OPEC+ members have agreed with the recommendation not to include gas condensate numbers in the overall oil output.
Read More »OPEC. Allies Agree to Deepen Oil Output Cuts
Existing supply curbs of 1.2 million barrels per day. aimed at supporting oil prices and preventing a global glut. are set to expire in March.
Read More »Oil Rises over 1% on Hopes for Deeper OPEC Cuts. Chinese Factory Growth
OPEC'.s ministers will meet in Vienna on December 5 and the wider OPEC+ group will meet on December 6.
Read More »Saudi Arabia Wants OPEC+ to Deepen Oil Cuts Due to Aramco IPO
The IPO will be priced on Dec. 5. the same day OPEC meets in Vienna. The OPEC+ grouping holds talks on Dec. 6.
Read More »