Iraqi Kurdistan’s Oil Reserves Being Downgraded
Kurdistan has been recently hit by a series of bad news regarding the future prospects of its oil industry, …
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Russia Shows First Signs of the Implementation of Oil Production Freeze Deal
In February, Russia produced oil at the same rate as in January, at 10.88 million barrels per day (bpd), …
Brazil’s Petrobras to Slash Investment
Brazil’s energy giant Petrobras has announced that it will cut its five-year investment plan by about 20 percent next …
Venezuela: Default of a Major oil Producing Company Looming
The Venezuelan state-run oil company PDVSA has about $5.2 billion in payments to bondholders this year, most of it …
Global Oil Market Dynamics Changing: China and India on Rise
India and China have overtaken the traditionally dominant crude buyers, such as Japan, and challenged the United States as …
Four Major Oil Producers Announce Freeze Output at January Levels
Four major oil producers decided to freeze their production at January levels if other big energy exporters join, in …
Iran’s Playing with the OPEC Giants
Iran has recently considered sitting down at the negotiation table with oil giants over the global oil surplus which …
Iran’s Oil Sales to Europe Already at 54 Percent of Pre-Sanction Levels
Iranian Oil Minister, Bijan Zanganeh, announced on Saturday (6 February) that following the lifting of international sanctions, Iran’s oil …
Fertilizer Producers Want to Deliver Sustainable Solutions
In the past, many farmers had previously had problems with organic fertilizers, which contributed to the bad reputation of …
Crude Oil Unlikely to Go Up Much This Year
Analysts generally do not expect oil prices to rally much this year as sluggish demand growth seems to be …