OPEC

  • WTI, Brent Prices Curbed by Higher OPEC Supply

    Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once US sanctions bite from November, but gains were limited by higher supply from OPEC and the United States. Brent…

  • Market madaresharghi

    OPEC Will Rebalance Nervous Oil Market

    The United States will continue its efforts to decrease Iran’s sales of crude oil, the Treasury Department said on Tuesday following the announcement of the unilateral US withdrawal from the nuclear deal it signed with…

  • OPEC Chief: Russia Will Not Flood the Oil Market

    Oil prices have rebounded nearly 60% since June, with Brent crude rising to three-year highs of above $71 a barrel, prior to a pullback last week that wiped out its gains for 2018. Those worries…

  • Big Oil Firms Seen Dominating Energy Deals

    nalysts expect big energy companies to play a major role in deal-making during another solid year for oil and gas mergers and acquisitions. Oil majors and large independent drillers need to shore up their asset…

  • EU Lawmakers Reach Deal on Climate Targets

    madaresharghi European Union lawmakers and member states on Thursday agreed climate targets for 2030 in a move to meet the bloc’s obligations under the Paris Agreement, which seeks to avoid the worst effects of greenhouse…

  • NISOC to Finalize 2 Oil Deals by March

    madaresharghi Negotiations to develop two oilfields in the southern Khuzestan Province, namely Shadegan and Karanj, will be finalized by the end of the current fiscal that ends in March 2018, the National Iranian South Oil…

  • Tehran Quake Drives Up Gasoline Consumption

    madaresharghi An earthquake whose tremors were felt in Tehran and surrounding areas late on Wednesday drove up gasoline consumption as people rushed to open spaces and inside their cars for safety. A magnitude 5.2 earthquake…

  • Russia Backs Gradual Exit From Crude Cuts With OPEC

    madaresharghi OPEC and Russia will exit from oil production cuts very smoothly, possibly extending the curbs in some form so as not to create any new surplus in the market, the Russian energy minister told…

  • China to Open Cutting-Edge Solar Power Highway

    madaresharghi China is set to open its first solar highway that can generate electricity from sunlight. The two-kilometer-long stretch of highway, situated in Jinan, could charge electric cars as they are travelling on it. The…