In February, Russia produced oil at the same rate as in January, at 10.88 million barrels per day (bpd), an almost 30-year high, regardless of
Tag: Iran
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 response to which oil prices fell
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 some observers interpret as an indication
The Southern Gas Corridor: The Azerbaijani-Turkish Project Becomes Part of the Game between Russia and the EU
Aleksandra Jarosiewicz (Centre for Eastern Studies, Warsaw) The Southern Gas Corridor is meant to bring gas from Azerbaijan’s Shah Deniz gas field to Southeastern and
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 sales to Europe had already reached
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
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
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