Iranian Oil Minister, Bijan Zanganeh, announced on Saturday (6 February) that following the lifting of international sanctions, Iran’s oil sales to Europe had already reached
Category: Oil
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 unable to deal with rising supply
Waning of the Chinese Commodity Boom to Continue in 2016
The piecemeal waning of China’s ten-year old commodity boom that started last year is expected to continue in 2016 as well. The slowdown of the
Oil Prices at Their Lowest Levels Since 2004
Yesterday (21 December), oil price fell to its 11-year low responding to the flow of fresh supplies that will outstrip the world’s demand. The price
Russia Boosts Crude Sales to Asia Endangering OPEC’s Market Share
Russia has strengthened its position in Asia by shipping almost a quarter more crude in 2015, which blunted OPEC’s drive to gain consumers in the
OPEC’s Crude Price Forecast: 2016 ‘Hopeless’ but 2017 Somewhat ‘Hopeful’
OPEC says that crude prices are very unlikely to head north in 2016 due to the additional supply from Iran, which is beginning to boost
OPEC Says Oil Output Highest in Three Years
OPEC increased its crude output more in November than in any month since late 2008 since it insisted on its policy to protect market share
Moscow’s Retaliation: Turkish Stream Pipeline Construction Suspended
Moscow has suspended construction works on the Turkish Stream pipeline, the proposed natural gas pipeline from the Russian Federation to Turkey across the Black Sea.
China-Iran Oil Deal Shows Discontent within OPEC
China has recently renewed its oil purchase contracts with Iran, thus boosting the confidence of Teheran to re-establish itself in global energy markets. At the
Saudi Arabia Seeks Non-OPEC Partners to Help Cut Oil Supply
Representatives of Saudi Arabia said on Monday (23 November) that the kingdom was ready to collaborate with OPEC and non-OPEC countries to attain market stability.