Iran’s new oil deals: All you need to know
Iran can produce about 31.8 million barrels of crude oil per day, according to the IEA's most recent estimate...
Category : Oil & Gas
Game changer for Beijing? China finds 100 million tonne oilfield in Bohai Sea
CNOOC revealed earlier in March 2024 that it found a fresh deposit in the South China Sea that holds more than 100 million tonnes of proven oil equivalent...
Oil price volatility continues amid geopolitical concerns, interest rate worries
A stronger dollar makes oil expensive for buyers with other currencies...
SOCAR Türkiye ensures end-to-end satisfaction for customers: Fuad Ibrahimov
Fuad Ibrahimov's visionary approach and commitment to excellence have propelled SOCAR Türkiye towards achieving its goals in the dynamic energy market...
Dragon Oil announces plans to drill seven more wells in Egypt
Dragon Oil said it will spend USD 200 million to develop the Al Wasl oil field. By 2026, the company hopes to have drilled more wells and more than doubled the daily production...
Goldman Sachs lowers Brent crude price projection due to high US production
Goldman Sachs revised its forecast for Brent, which was earlier expected to average USD 92 per barrel to a peak of USD 85 per barrel in June 2024...
OPEC can see healthy growth in 2024
All 13 OPEC members as well as a few other economies that rely heavily on fossil fuels received a letter from Secretary General Haitham Al Ghais, Reuters reported...
China oil prices fall scepticism on OPEC+ cuts
Fears regarding the state of China's economy have also contributed to the bearish sentiment...
IF Insights: Why isn’t the Iraq-Turkey oil pipeline functional yet?
Iraq, the second-largest oil producer in OPEC, exports about 85% of its crude oil through ports in the south...
Saudi Arabia’s Q3 2023 budget deficit reaches USD 9.54 billion as oil revenue falls
The largest oil exporter in the world reported a nearly USD 30 billion budget surplus in 2022 as increased oil prices caused a 31% increase in government revenue...