Is Iran Exaggerating The Demand For Its Oil?
After the United States pulled out of the Obama-era Iran nuclear deal and re-imposed and added to sanctions last year, the Trump administration granted waivers to eight countries who were Continue Reading
Energy Experts Are Watching This Hotspot In 2019
Historically the Mediterranean hasn’t been the focus of oil and gas producing companies. With the exception of Algeria and Libya which owe their energy industry to the Sahara region. Recent Continue Reading
Saudis Set Sights On $80 Oil
Hoping to drive oil prices back up to $80 per barrel, Saudi Arabia is preparing deeper production cuts this month. Saudi Arabia plans on lowering oil exports to 7.1 million Continue Reading
Saudis Plan New Export Cuts in Hopes of Lifting Oil to $80 a Barrel
The new strategy comes as the kingdom seeks to cover a large government spending boost . It said last month that it planned to increase its expenditures by 7% in Continue Reading
Indian State Refiner BPCL To Resume Buying Iranian Oil
India’s state-run Bharat Petroleum Corporation Limited (BPCL) will resume importing oil from Iran in February after a three-month hiatus that began with the U.S. sanctions on Iranian oil, Reuters reported Continue Reading
Iraq finishes 2018 with record-breaking exports
Federal Iraq posted its highest monthly export total to date in December and, combined with Kurdistan, set a nationwide annual record. Iraq’s oil sector finished its most prolific year in Continue Reading
Iran says despite U.S. sanctions, it has found new ‘potential’ oil buyers
All countries that were granted waivers from the United States to continue buying a certain amount of Iranian oil imports are complying with U.S. sanctions, a senior Iranian energy official Continue Reading
Iran Bracing For Economic Contraction As Oil Exports Crumble
Iran’s Parliament Research Center is predicting negative growth for Iran in the current fiscal year that ends March 20 due to its falling exports, Radio Farda reported on Friday. The Continue Reading
Iraq says committed to OPEC+ oil output reduction
Iraq said on Friday it was committed to the OPEC+ output-cutting deal and would keep its oil production at 4.513 million barrels per day for the first half of 2019. Continue Reading
Iraq seeks to hold crude oil production at 4.513 mil b/d for six months
Iraq’s oil ministry has said it will seek to hold the country’s crude production at 4.513 million b/d for the next six months, keeping the country in line with the Continue Reading