Latest news
Iraq plans to triple its oil production in six years
Iraq, the producer of more than three million barrels of crude oil per day, is expecting to increase its capacity of production to more than 10 million barrels per day within the next six years, Iraqi Deputy Prime Minister for Energy said at a special briefing in Washington.
read more... 25/04/2012
EU and Japan cut Iranian oil imports in April
European buyers of Iranian oil are making significant cuts in supply months in advance of European Union sanctions on Iran crude effective from July, trimming their April imports by 75,000 barrels per day (bpd).
read more... 20/04/2012
Iran halts oil supplies to Spain
Iran has cut oil supplies to Spain and it is possible to suspend exports to Germany and Italy, according to official Iranian television in English, PressTV reported Tuesday.
read more... 11/04/2012
U.S. to reach energy independence by 2020
The long-awaited U.S. goal to reach the energy independence could become reality by 2020, according to an analysis provided by Raymond James.
read more... 10/04/2012
Japan to cut volumes of Iranian crude oil imports after April
Japan, the world's third largest oil consumer, announced that it is going to cut sharply its Iranian crude imports under new contracts to be concluded soon, following US and European sanctions over Tehran's nuclear programme.
read more... 09/04/2012