• Global Oil Demand Rising At Fastest Pace in 5 Years

    A recent report by the International Energy Agency (IEA) has forecasts global oil demand rising at its fastest rate in five years in 2015. Despite this rise in demand, lower oil prices and spending cuts will continue. Global oil demand this year will rise at more than twice the pace last year as...

  • Iran: Oil production to hit 3.6mn bpd

    Iranian Oil Minister Bijan Zanganeh has said Iran expects to raise oil output by 500,000 bpd as soon as sanctions are lifted and by a million bpd within months. A recent report issued by the International Energy Agency (IEA) revealed that Iran’s oil production levels could rise by as much as...

  • Egypt: Inauguration of the Newly expanded Suez Canal

    Achieving one of his key goals, Egyptian President Abdel Fattah al-Sisi has succeeded in completing a major investment of $6 billion to extend the Suez Canal water way which allows larger amounts of two-way traffic to pass.   In an official ceremony that took place in Ismailia on August 6...

  • Libya: New Libya oil chief considers resuming exports at eastern ports

    Libya pumped about 1.6 MMbpd of crude before the 2011 rebellion that ended Muammar Qaddafi’s 42-year rule. Output fell to a quarter of that level this year as militias affiliated with rival governments in the east and west of the country fought for control of oil resources. Tribes and workers...

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    TOTAL: THE QATAR EXPERIENCE HISTORICAL...

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Training

  • OPEC Refuses
    06.15.2015

    Noting that oil production growth from countries outside the Organization of the Petroleum...

Oil Prices of Today

Crudes $/B
Brent 49.03
WTI 42.50
OPEC Basket 46.62