Saudi Arabia Produces 10 Million Barrels of Crude Oil

Al-Naimi: Saudi Arabia Produces 10 Million Barrels of Crude Oil

The Minister of Petroleum and Mineral Resources, Ali Al-Naimi, announced that Saudi Arabia currently produces around ten million barrels of crude oil per day in April. That would be ...
Iran Stops Oil Exports to Germany

Iran Stops Oil Exports to Germany

In response to the oil embargo that the European Union imposed on Iran on January 23, Iran oil ministry decided to stop the oil exports to Germany. On January 29, the Iranian oil minister ...
Aramco Cut The Price of Oil Shipments For Buyers in Asia And Europe

Aramco Cut The Price of Oil Shipments For Buyers in Asia And Europe

Aramco reduced the price of oil crude shipments for the month of May to buyers in Asia and Europe. The company announced on Wednesday that it reduced the prices of Arabian Light crude ...
Turkey Consumes Most Expensive Gasoline in The World

Turkey Consumes Most Expensive Gasoline in The World

Currently Turkey is using the most expensive gasoline in the world , however the price of fuel is constantly raising in all over the world . This increase is because of the many factors ...
Saudi Arabia is Seeking to Calm Fears About Oil Prices

Al Naimi : Saudi Arabia is Seeking to Calm Fears About Oil Prices

Saudi Arabia Oil Minister , Al Naimi , announced his country is ready to increase oil production to maximum capacity amounting to 12.5 million barrels a day if necessary because of ...
The Rate of Iran's Oil Export is The Lowest in Recent 10 Years

The Rate of Iran’s Oil Export is The Lowest in Recent 10 Years

According to the latest report released by International Energy Agency , Iran’s oil export rate has been dropped to the minimum in the recent 10 years . IEA believes this is one ...
Royal Dutch Shell

Royal Dutch Shell : We Will Stop Buying Crude Oil From Iran Soon

Royal Dutch Shell announced on Thursday that the company will stop buying the crude oil from Iran the next few week before the European deadline to execute the sanctions . The spokeman ...