OPEC countries agree on extension of the deal. but Iraq and Iran will not be part of it.
Read More »Saudi Aramco will Boost Oil Loading Capacity with Reopened Terminal
The move will boost Aramco'.s ability to meet its commitments to customers and maintain its export capability from the kingdom'.s west coast.
Read More »Total Seeks Stake in Aramco
Taking part in the much-anticipated IPO of Saudi Arabian Oil Company. known as Saudi Aramco. is not off the table for oil major Total SA because it could be a good investment. the French group’s chief executive said on Thursday. “We may consider it.” Total’s CEO Patrick Pouyanne said. referring …
Read More »OPEC. Non-OPEC to Be Under Pressure to Extend Output Deal
Extension of the OPEC deal in May is quite likely. because OPEC and non-OPEC partners will be under pressure to extend it.
Read More »Iran Becomes No.2 Oil Supplier to South Korea in First Quarter
Saudi Arabia held onto its spot as South Korea'.s top oil supplier for both March and the full quarter.
Read More »Next OPEC Meet Crucial for Oil Market Stability
Growth in Saudi Arabia. the region’s largest economy. is expected to slow to 0.4% this year.
Read More »South Korea Oil Import from Iran Increase
Asia'.s fourth-largest economy brought in 12.68 million tons of crude oil in March this year.
Read More »India Imposes Duty on Iran LAB
LAB is an important input in the detergent industry.
Read More »Iran Targets Milestone in Oil. Gas Production
Oil shipments from Iran reached a daily average of 2.6 million barrels in fiscal 2016-17.
Read More »Plan to Use Drones for Power Grid Inspection
The planned move comes in the wake of massive dust storms that put the reliability of Iran'.s power grid system to a severe test this year.
Read More »