Within OPEC. Saudi Arabia has shouldered the burden of the production cuts. offsetting poorer compliance by other nations.
Read More »Oil Stocks Rise Regardless of Supply Adjustments
Despite the supply adjustment. stocks have continued to rise. not just in the US. but also in Europe.
Read More »Iran Named India`s No. 2 Crude Supplier in February
India'.s oil imports from Iran rose nearly 17% in February from a month earlier.
Read More »Iran Jump over Iraq as India`s no. 2 Oil Supplier in February
India'.s February oil imports from Saudi Arabia and Iraq were nearly a third lower than the same month a year ago.
Read More »Falih: No Free Ride for US Shale Producers
There are concerns that the glut could persist because shale supply.
Read More »Iran and Iraq to Ramp Up Oil Production Despite OPEC Cuts
According to the IEA. Iraq will increase its output to 5.4 million barrels per day by 2022.
Read More »OPEC. Russia Show Unified Front on Crude Supply Cuts
Many of the questions revolved around the fact that there is so much inventory remaining.
Read More »Crude Prices Slip
Russia'.s production would need to fall by a further 100.000 bpd in March in order to comply with the agreement.
Read More »(P)GCC to Pump $320b into Power Projects
The UAE. Saudi Arabia and Kuwait have emerged as the biggest solar markets in the region.
Read More »Iran Interested in Joint Gas Field With Kuwait
Iran and Kuwait are taking steps to reach an understanding to develop Arash Gas Field in the Persian Gulf.
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