Venezuela is facing a major economic crisis and despite the fact that you can still buy subsidized petrol in the centre of Caracas just for
Tag: Iran
Mounting Concerns in Oil Sector due to Yemen Bombing
Although Yemen is only a minor oil producer accounting for about 0.2 percent of the world’s oil production, recent bombing of the country by Saudi
Iran Stores 30 million Barrels of Oil on its Tankers Offshore
Iran has been reported to be storing at least 30 million barrels of oil on its fleet of tankers as West-imposed sanctions keep on making
South Korea’s Crude Imports from Iran Drop by a Half
According to the preliminary customs data, South Korea decreased its imports of crude oil from Iran by 50 percent between February 2014 and February 2015.
Rosneft’s Boss Blames OPEC and the U.S. for Cheap Oil
The boss of the Russian state-run oil company, Rosneft, Igor Sechin, criticized OPEC’s decision not to cut production on the sidelines of the International Petroleum
Iran’s Predicament in Attracting Foreign Investors
Iran is seeking to attract attention and interest of foreign investors deterred by both West-imposed sanctions and cheap oil as the country’s President is trying
Oil Drops below $45 while OPEC Standing Firm on Output
The Organization for Petroleum Exporting Countries (OPEC) is unshakable in its decision not to cut oil production to prop up prices. The cartel still insists
OPEC: Iran and Venezuela to Lobby Together for Higher Prices
Iran’s leader Ayatollah Ali Khamenei confirmed during his meeting with Venezuela’s president on Saturday (10 January) that he supported the cooperation of both countries to
Oil-Exporting Countries to Tap into Sovereign Funds to Balance Budgets
Energy-exporting countries, which have put away billions of dollars in sovereign investment funds, may now be forced to draw on their “savings” as oil revenue
OPEC Not United in Further Steps to Address Plummeting Prices
Saudi Arabia’s Oil Minister Ali al-Naimi’s comments on the situation in international energy markets from the beginning of this month have left OPEC countries wondering