The Sichuan shale gas blocks have a total proven reserve of 1.06 trillion cubic meters.
Read More »Iran Rejects UK’s Blame for Oil Field Attacks
The attacks are not the first to be blamed on Iran in recent months.
Read More »Russia not Afraid of the Big Bad Oil Bear Market
Moscow considers $60 per barrel a reasonable price. as at this level Russia can invest in new projects.
Read More »OPEC+ Boasts 159% Compliance with Oil Production Cuts
The Saudis have vowed to keep production well below 10 million bpd.
Read More »The US could Drown the World in Oil. despite Climate Change Attempts
The US is set to account for 61 percent of all new oil and gas production over the next decade.
Read More »Iran’s UK Envoy Confirms Released Oil Tanker Heading for International Waters
Iran'.s ambassador to the UK has confirmed reports that the Iranian oil tanker '.Grace 1.'. has been moving towards international waters.
Read More »US Grants 90-Day Waivers to Nations Participating in Iran’s Civilian Nuclear Program
Five waivers were still extended and are set to stay in place at least for another 90 days.
Read More »Russia Competes with Saudi Arabia for Asia`s Oil Market Share
For Russia. the ongoing OPEC+ production cap deal allows it a lot more flexibility that it allows Saudi Arabia.
Read More »China Continues Importing Iranian Oil in Defiance of US Sanctions
China has criticized Washington’s use of sanctions against other states.
Read More »Persian Gulf War could Send Oil Prices beyond $325 a Barrel
China and India now account for about a fifth of global strategic reserves.
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