OPEC did not manage to agree on a straightforward production strategy yesterday (2 June) as Iran insisted on boosting its own output despite the fact
Category: Oil
Iraq Boosts Oil Output Before OPEC Meeting
Iraq is going to supply extra 5 million barrels of oil to its trade partners in June, thus effectively joining other Middle East producers by
Battling for Market Share: Saudi Arabia Wants Asia Buy More Oil
Ahead of the first OPEC meeting under the new Saudi oil minister, the Gulf Kingdom is offering extra crude to its Asian customers, a sign
OPEC to Meet for the First Time with New Saudi Oil Minister
Since the appointment of the new Saudi Energy Minister, Mr Khalid al-Falih has toured six state oil companies, met Gulf oil industry ministers, the South
Asian Markets in Focus as Iran and Saudi Arabia Fight for Market Share in Oil
Iran’s oil exports are expected to soar in May by almost 60 percent compared to a year ago, which is being mostly driven by the
Venezuela Reaches Better Oil Terms with China
Venezuela has reached an agreement with China, its main source of finance, with the aim of improving the conditions of an oil-for-loans deal. The agreement
Analysis: Quit Reforms of China’s Oil Sector
In recent months, China has quietly embarked on reforms to continually change its energy sector, including some steps to revamp the way the country manages
EU Parliament Demands a Halt of Nord Stream Project
The European Parliament criticized on Monday (9 May) the planned Nord Stream 2 gas pipeline project, leading from Russia to Europe, with many Members of
Geopolitics of Oil: Saudi Arabia Appoints a New Energy Minister
Saudi Arabia on Saturday (7 May) appointed a new energy minister, replacing Ali al-Naimi, who held the post since 1995. The new head of the
Iran to Finally Introduce a New Oil Investment Deal
Iran’s Deputy Oil Minister, Rokneddin Javadi, said yesterday (5 May) on the state TV that a new oil investment contract for international oil firms will