Russia will continue participating in the OPEC deal on oil production limiting despite dissatisfaction with the current prices level.
Read More »Senior Official Warns of US Plot to Disable Iran`s Power Grid
The US has developed a plan named Nitro Zeus with Iran'.s power infrastructures as a target for cyberattack.
Read More »BP Authorized to Operate Rhum Gas Field with Iran
BP currently intends to continue to hold its ownership stake in the Rhum joint arrangement and act as operator.
Read More »Oil Prices Steady
Libya'.s gain means oil market pain.
Read More »India to Cut Iranian Oil Purchases in Row Over Gas Field
Under sanctions. Iran was banned from the global financial system. preventing the field'.s development.
Read More »Saudi Arabia Likely to Cut May Crude Prices to Asia on Weak Demand
Saudi Aramco officials as a matter of policy do not comment on the kingdom'.s monthly OSPs.
Read More »Repsol Discovers Oil in Alaska
Repsol has been actively exploring in Alaska since 2008 and has an additional presence in the Gulf of Mexico.
Read More »Shell Keeps Distance from Iranian Oil
Shell was buying as much as 200.000 barrels per day or six large cargoes of Iranian oil a month.
Read More »Crude Prices Edge Off 3-Month Low
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.
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