US crude is on track for a drop of more than 7% this week. its biggest weekly fall for five months.
Read More »Falih: No Free Ride for US Shale Producers
There are concerns that the glut could persist because shale supply.
Read More »Despite Sanctions Relief. Shell Still Cool on Iranian Oil Buys
Shell said in its annual report it had bought only three cargoes of Iranian oil over the past year.
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 »US Pledges Strictness on Iran Nuclear Deal
Iran'.s stockpile of low-enriched uranium was 101.7 kg. well below the agreed level of 300 kg.
Read More »MP Explains Implications of US-IAEA Talks for JCPOA
Amano met US Secretary of State Rex Tillerson in Washington last Thursday.
Read More »Gas Flaring Cut by 70% in South Pars Refinery
The refinery is one of the 14 plants in Asalouyeh processing natural gas drawn from the giant South Pars field in the Persian Gulf.
Read More »US Senator: Turkey Seeks to `Absorb` Northern Syria
Turkey uses terrorist groups like ISIL and al-Qaeda to carry out ethnic cleansing in Northern Syria to pave the ground for Ankara'.s dominance there
Read More »No Links with US Administration
The Islamic Republic has no links with the new administration in the United States.
Read More »Oil Prices Slip 1 Percent
The oil market remains focused on the global rebalancing act.
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