OPEC

Iran has made a shale oil discovery estimated at 2 billion barrels, an official from the National Iranian Oil Company (NIOC) said on Saturday.

The light crude find…

Oil prices fell slightly on Friday despite OPEC’s bullish report earlier this week, with Brent futures down by around 0.5% at USD 55.31 per barrel in early afternoon…

TOGY’s coverage of this week’s oil and gas developments was highlighted by the global industry’s response to OPEC’s mandate to cut oil production. Contracts…

Saudi Aramco has begun the process of issuing an EPC project order worth as much as USD 3.5 billion for its expansion project at the Marjan offshore and onshore…

Saudi Aramco has entered into an agreement with China’s North Huajin Chemical Industries Group, sources revealed on Monday.

The terms of the contract stipulate…

Despite OPEC’s Monday confirmation that it had succeeded in reducing production, oil prices dipped again on Wednesday.

Brent closed 0.63% and WTI 0.73% lower than…

Iraq, OPEC’s second-biggest supplier, is set to see oil output decline significantly in March, international media reported on Monday. It is unclear whether this is…

On Monday, OPEC’s monthly production report revealed that Angolan oil output had once again surpassed Nigeria’s in January.

Angola produced more than 1.65…

An OPEC report released Monday predicts robust growth in oil demand over 2017.

“World oil demand in 2016 continued its healthy performance for the second year,…