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Many nations have gone further than their pledged cuts.
Read More »Russia and Saudi Arabia Work at OPEC deal at World Cup Summit
OPEC Resistance to Saudi Plan as Iraq Objects
Saudi Arabia has enjoyed diplomatic ties with the US for decades.
Read More »Venezuela Lack of Oil to Export By 2019
Crude oil production in Venezuela is practically falling at an average of 10% every quarter and has been since mid-2017.
Read More »OPEC Predicts Sizable Uncertainty in Global Oil Market
OPEC'.s own oil production rose slightly in May. the monthly report showed.
Read More »OPEC Considers Short-Term and Long-Term Market Stability
Venezuela and Iran have appealed to OPEC to maintain unity.
Read More »OPEC Predicts Sizable Uncertainty in Global Oil Market
Iran'.s share of OPEC production increased slightly last month.
Read More »Iran to Issue Bonds for Investment in Oil Sector
In May. French oil major Total said it might pull out of its investment in Iran’s South Pars gas field if it cannot secure a waiver from the U.S. government.
Read More »Trump’s Tariffs on EU will Boost Russia-EU Ties
While the EU and the U.S. bicker over tariffs. Russia is boosting its gas trade with Europe.
Read More »Int`l Oil Consortium to Replace Foreign Contractors in Iran
Following the US action. some international companies active in Iranian oil projects said they will withdraw from Iranian projects.
Read More »Third States Shouldn`t Threaten Nord Stream 2 with Sanctions
The Nord Stream 2 project has been welcomed by some countries in Europe. such as Germany and Austria.
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