OPEC Forecast: Global Crude Glut to Continue in 2017
OPEC said on Monday (12 September) that global markets would remain oversupplied next year as prices will likely stay …
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Iran Reconsidering an Output Freeze as Production Stagnates
The new data has showed that Iran’s accelerating oil production has stalled in the past quarter as the country …
New Gas Discoveries Pump Up the Future of Southern Corridor
According to Azerbaijan, natural gas produced in the Absheron offshore gas field in the Caspian Sea could be exported …
Saudi Arabia and Russia Team Up to Help World’s Oil Markets
Saudi Arabia and Russia seized the opportunity given by a G20 summit and agreed that they would cooperate in …
Saudis Pondering an Output Freeze
Saudi Arabia is considering offloading a stake in the state-run producer Aramco after two years of an oil price …
Iraq Considers Oil-Swap Deal with Iran if Talks with Kurds Fail
Iraqi Oil Ministry said that it would consider selling its crude through Iran if the upcoming negotiations with the …
Canada Ponders Making Oil Firms Pay for Offshore Drilling
Canada is considering making oil companies pay for the contribution the country has to make to the International Seabed …
Iraq’s New Oil Minister Insists on Reviewing Oil Contracts
Iraq is to review deals with oil companies to cut the fees that the companies receive when oil prices …
Venezuela Poised to Export Less Oil Next Year
Columbia University said earlier this year that Venezuela, a traditionally major player in oil markets, is poised to export …
Iraq Revamps Investment Deals to Boost Oil Output
Iraq has finalized deals with BP, Shell and Lukoil to provide a new impetus to stalled investments in oil …