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Oil Majors rash as Iran announce 70 Oil and Natural gas projects Valued at $30 billion

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Agencies… Total SA, Royal Dutch Shell Plc and Lukoil PJSC are among the leading international companies in the rash as Iran, the holder of the world’s fourth-largest crude…

Hope as Indian refineries Clear African Crude Oil off the shelf

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By agencies… Indian refineries continued to moped cargoes of West African crude oil, underpinning what was otherwise a saturated market. Refineries HPCL and BPCL together booked at least…

Nigeria Echos need to Renegotiate Commercial Oil contracts, says sector is no longer profitable

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LAGOS The Nigerian National Petroleum Corporation (NNPC) said its latest move to re-negotiate Oil and Gas contracts is a part of a series of measures to save the…

Analysis: How The Oil Price Crash Will Make Markets More Efficient

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By Michael McDonald. BP CEO Bob Dudley recently came out making an interesting point regarding the silver lining from the fall in oil prices. Dudley notes that…

Iran Oil Minister ask OPEC Countries to cut crude Production to save falling prices

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OPEC member states should cut crude output to boost prices to a range of $70 to $80 a barrel, Iran’s Oil Minister Bijan Namdar Zanganeh said. “No one…