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China Set To Cut U.S. Oil Imports As Trade War Heats Up
Chinese oil customers plan to reduce their intake of U.S. crude oil from September onwards to avoid a possible import tariff on American oil in China, due to the uncertain outcome of the current trade tensions, Reuters reported on Thursday, citing Chinese industry sources
read more... 22/06/2018
Iran Rejects Possibility of Oil Production Increase
Iran opposes to oil production increase
read more... 21/06/2018
Iran Plans 400,000 Bpd Increase In Oil Field Capacity
Iran plans to increase the production capacity of its oil fields by 400,000 bpd, state news agency Irna reports, quoting National Iranian Oil Company’s deputy head Gholamreza Manouchehri.
read more... 20/06/2018
Russia, Saudi Arabia Agree To Expand Cooperation On Oil, Gas
Russia and Saudi Arabia say they have agreed to expand their cooperation on oil and gas matters after having teamed up to help bolster oil prices in the past two years.
read more... 15/06/2018
ExxonMobil starts development of offshore Guyana field
ExxonMobil started development drilling on the Liza Phase 1 offshore Guyana with start of production expected in 2020, ExxonMobil said Tuesday.
read more... 14/06/2018