Saudi Arabia will make deep production cuts in July as part of a broader output-limiting OPEC+ deal as the group faces flagging oil prices and a looming…
ECONOMY Feed Atom
Oil prices rose by more than $1 a barrel on Monday after top crude exporter Saudi Arabia pledged to cut production by a further 1 million barrels…
Roydad Naft News Agency – Iraq’s oil minister said “Today we import large quantities of gas from our neighbor Iran, and we cannot continue like this, to…
Roydad Naft News Agency – OPEC and its allies met on Sunday to try to agree further cuts in production, sources told Reuters, as the group faces…
Roydad Naft News Agency – OPEC+ talks in the Austrian capital Vienna dragged on as a fight with some African members kept an agreement on production from…
Roydad Naft News Agency – OPEC and its allies meet today in the Austrian capital Vienna to debate a new deal possibly adjusting countries’ output quotas and…
Roydad Naft News Agency – Iran’s OPEC Governor Amir Hossein Zamaninia on Saturday said “everything is on the table” for OPEC+ to make its decision on production…
Roydad Naft News Agency- The report quoting Ministry of Commerce of Pakistan official statement, said that the legal regulations for monitoring the progress of the clearing mechanism…
Roydad Naft News Agency – Iran is moving toward turning into a gas hub in the Middle East by resuming imports from Turkmenistan, said an energy market…
Roydad Naft News Agency- OPEC and its allies are discussing deepening oil production cuts, possibly by as much as 1 million barrels per day, three sources told…
Roydad Naft News Agency – Iran’s Oil Ministry has proved that sanctions can be circumvented by exercising energy diplomacy, said a lawmaker.
Abdolali Rahimi…
India’s imports of Russian crude surged to a record high in May, with the country taking in 1.96 million barrels per day.
India imported…
Roydad Naft News Agency – The Canadian government is backing up to C$3 billion ($2.24 billion) in loans for Trans Mountain Corp (TMC), the crown corporation building…
Roydad Naft News Agency – Oil prices rose on Friday after a U.S. debt ceiling deal averted a default in the world’s biggest oil consumer and jobs…
Roydad Naft News Agency – OPEC and its allies are unlikely to decide on further oil supply cuts at a meeting on Sunday despite a fall in…
Speaking in a meeting with Director of the Middle East and Central Asia Department of the International Monetary Fund (IMF) Jihad Azour on Friday, Mohammad Reza Farzin…
Iran is the most reliable market for Turkmenistan’s gas, said the head of Iran’s Institute for International Energy Studies (IIES) on Thursday.
Talking to…
Roydad Naft News Agency – China’s CNOOC Ltd, has begun production at the Buzios5 well off the coast of Brazil, the company said in a statement on…
Roydad Naft News Agency – QatarEnergy has signed a 15-year supply deal for liquefied natural gas (LNG) with Bangladesh’s state-owned PetroBangla for 1.8 million tonnes a year…
Roydad Naft News Agency – Russian crude oil imports by China and India in May hit an all-time high as buyers gorged on discounted supplies, reducing demand…