Russia’s ability to increase its oil extraction on its current technological basis has been effectively depleted.
Read More »OPEC Oil Production Surges As Saudis Pump Near Record
The biggest OPEC producer. Saudi Arabia. pumped 10.63 million bpd in July.
Read More »US Efforts to Reduce Iran Oil Exports Will Fail
Iran will take advantage of special strategies to sell its crude oil.
Read More »Russia Reverses Almost All Its Oil Production Cuts
Russia currently expects its oil production to stay at these high levels in the next five months.
Read More »US to Impose Devastating Set of Sanctions on Russia
The sanctions proposed against Russia’s energy sector could cause more damage. but the details remain unclear.
Read More »OPEC Production Rise as Saudi Arabia Pumps more Oil
The Saudi policy appears to be helping cool prices in the way sought by President Trump.
Read More »China Refuse U.S. Ask to Cut Iran Oil Imports
The oil market has been speculating about how much of Iran’s exports could be eroded by the U.S. sanctions.
Read More »Wintershall Says Not to Pursue Further Projects in Iran
Washington'.s European partners have repeatedly stated that they intended to continue to observe the terms of the deal with Iran.
Read More »Top Asian Oil Customers Reduce Iranian Oil Imports to 7-Month-Low
Japan’s imports of Iranian oil increased by 10 percent in June compared to the same month last year.
Read More »Saudis Can’t Replace Iran Oil
Saudi Arabia’s stated spare capacity is actually lower than its actual spare capacity.
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