Iran vows to match Qatar in terms of overall energy production
Iran says it could match Qatar with it production goals. Both sides share in the development of a giant Persian Gulf field that Iran calls South Pars. File photo by Continue Reading
Saudi Arabia, Iraq, Kuwait Aim for $60 a Barrel Oil Price
Some of OPEC’s biggest oil producers, including Saudi Arabia, are now targeting $60 a barrel as the level where they want to push crude prices, OPEC officials said, signaling they Continue Reading
Iran Ramps Up Oil Output As OPEC Production Falls
The OPEC Monthly Oil Market Report is out with OPEC’s crude oil production numbers for March 2017. All data is through March 2017 and is in thousand barrels per day. Continue Reading
Saudi Arabia Said Likely to Support OPEC Extending Output Cuts
Riyadh hasn’t taken a final decision on the production curbs OPEC will meet in Vienna late next month to discuss its policy Saudi Arabia is likely to support extending OPEC Continue Reading
Saudi Arabia Said to Cut Oil Output to Lowest Since January
Kingdom said to pump 9.9 million barrels a day in March Production increased in February to refill storage tanks Saudi Arabia pared its oil production last month to the lowest Continue Reading
Saudis to Seek Bids for 700-Megawatt Wind and Solar Projects
Energy Ministry qualifies 51 companies to bid for power plants First Solar, renewables unit of EDF among qualified companies Saudi Arabia will begin seeking bids next week from renewable-energy companies Continue Reading
Iran sees foreign investments in energy sector stable
Iran expects more, not less, foreign investments in its oil and natural gas sector because of fewer sanctions restrictions, the oil minister said. Iranian Oil Minister Bijan Zangeneh said foreign Continue Reading
Exclusive – Saudis, oil majors discuss gas investments ahead of giant IPO
Saudi Arabia and international oil companies have discussed gas venture opportunities inside the kingdom and abroad as part of the top crude-exporting country’s drive to diversify investments before the listing Continue Reading
Iranian oil exports dip in March, floating storage almost cleared
Exports fall to 2.35 million b/d Flows to India jump but relations could sour over Farzad B row Floating storage barrels dwindle Fall in European spot demand from stiffer competition Continue Reading
Iran security body reviewing new IPC oil contracts: minister
DUBAI Iran’s top security body is still reviewing the Iran Petroleum Contract (IPC) model, Oil Minister Bijan Zanganeh was quoted as saying on Sunday, as the contracts aimed at attracting Continue Reading