Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
The global inventories particularly in the U.S. inventories are high and are still rising.
Read More »OPEC+ Job Isn’t Done as Oil Inventory Rising
Saudi Arabia will Boost India Crude Shipment amid Iran Crisis
India is Iran’s second largest oil customer after China.
Read More »China Hopes Iran Nuclear Deal Fully Implemented
China firmly opposes unilateral sanctions and the so-called '.long-arm jurisdiction'. imposed by the United States on Iran.
Read More »China Defends Iran`s Legitimate Rights
China is willing to cooperate with Iran to confront the intervention and exit from these conditions.
Read More »Saudi will Supply an Extra 2 Million Barrels a Month to Indian Oil Corp from July
India had bought about 300.000 barrels per day (bpd) of Iranian oil under the six-month U.S. sanctions waiver.
Read More »Oil Stocks still Building. but OPEC will Act If Needed
OPEC will not decide on output until late June when the group is due to meet.
Read More »OPEC+ Should Keep Oil Cuts. Even with Supply Risks Ahead
OECD oil inventories as of March stood 22.8 million barrels above the five-year average.
Read More »Iraq has Alternative Plans for Any Stoppage of Iran Gas Imports
Iraq plans to build a refinery with a capacity of 150.000 bpd near the northern city of Mosul.
Read More »Too Early to Assess Impact of U.S. Iran Sanctions on Market
The OPEC+ alliance feels that it’s still too early to assess how the end of the U.S. waivers for Iranian buyers will impact the oil market as of this month.
Read More »US Targets Shippers for Bringing Venezuela Oil to Cuba
The United States last Friday imposed sanctions on two shipping companies for delivering Venezuelan oil to ally Cuba.
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