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The European Union sent a letter to the US Treasury on June 4 asking for exemptions from sanctions.
Read More »Iran`s First Crude Shipment to Chile in 16 Years
Saudi Arabia`s economic Renovation is still Dependent on Oil Prices
Middle Eastern oil exporters had to constrain government spending in recent years after crude prices slid in 2014.
Read More »Another OPEC Member Suffering from Sharp Decline
While plunging output in Venezuela captures the oil world’s attention. problems are quietly festering in another OPEC nation.
Read More »Trump threat to Ditch Iran Deal Is Scaring off Oil Traders
Iran’s current exports are more than twice what they were before energy sanctions were eased in January 2016.
Read More »Libya Fuel Smuggling Costing $750 Million a Year
Libya. holder of Africa’s largest crude reserves and an OPEC member. is already reeling from political divisions.
Read More »OPEC Mulling Longer Oil Cuts at June Meeting
OPEC and other suppliers including Russia will discuss continuing the global production limits beyond the end of the year.
Read More »OPEC Crude Production Drops to Lowest in a Year
Output from Saudi Arabia. OPEC’s de-facto leader and its biggest producer. fell 10.000 bpd from February to 9.87 million.
Read More »Rosneft Opens International Center for R&D in Qatar
The agreement to open the center was signed during the visit of the CEO of Rosneft Igor Sechin to Doha.
Read More »MAN Diesel & Turbo to supply compressor technology for offshore gas production in Vietnam
MAN Diesel &. Turbo will manufacture the ordered compressor systems in Zurich.
Read More »Pouyanne`s Risk on Middle East Oil as Big Rivals Prefer U.S.
Total and its European peers trace a large part of their historical success to gaining access to big and cheap oil deposits in the Middle East and Africa.
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