Gulf oil refiners are postponing some field maintenance until 2016 to keep output high and to decrease costs as analysts predict that the prices will
Tag: Iran
Think-Tank: Designing a New EU-Turkey Strategic Gas Partnership
Simone Tagliapietra and Georg Zachmann (Bruegel) The current crisis in Ukraine has moved the issue of energy security back to the forefront of EU interests.
Grexit and Iran’s Nuclear Deal Contributing to Oil Price Fall
The price of crude oil went down again weighed by weaker U.S. refined fuels markets and eventual negative impact of the Greek debt crisis on
Oil Refiners Continue to Cut the Number of Rigs Despite the Rebound in Crude Prices
Oil services company, Baker Hughes Inc, said last week that energy firms pulled another seven rigs from U.S. oil fields, which is the highest number
Saudi Arabia Says Higher Oil Production Driven by Demand
Saudi Arabia announced yesterday (9 June) that its increasing production over the last three months has been the result of a rising global demand. The
India’s Crude Imports from Iran Hit Their Highest in May
Last month, India imported the highest amount of crude oil from Iran since March 2014 as refiners increased their purchases before the final moves in
Russia vs. OPEC: Battle for Market Share and Oil Production
In the wake of an OPEC meeting next week, a Russian think tank has revealed that the Russian government was warned not to cut its
Russia and Iran Start “Oil for Goods” Barter Trade
Russian President Vladimir Putin signed a decree that would put an end to a self-imposed ban on supplying S-300 anti-missile rocket system to Iran on
Iran’s Nuclear Deal Likely to Spur Exports and Drag Oil Price Down
Iran’s nuclear deal with the world powers is expected to spur the country’s oil exports and thus further support the downward trend in global oil
Why Oil Markets Should Not Be Overreacting to Yemen Bombing
Escalating violence in Yemen, a producer of only 0.2 percent of the world’s oil, has spurred unexpected rally across the markets with commodities and metals