Crude prices rise on Middle East tensions

October 17, 2017 0

Geopolitics tensions in the Middle East continued to support crude futures, with U.S. oil prices nearly rising to a six-month high on Monday following concerns Iraqi and Kurdish forces could ignite in a civil war.

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Iran warns U.S. not to undermine nuclear deal

October 11, 2017 0

Iran warned the U.S. on Tuesday against undermining the nuclear deal as such move, expected by many to come from President Donald Trump this week, would jeopardize international non-proliferation efforts.

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Lukoil, NIOC to prospect south Caspian basin

October 5, 2017 0

Russia’s oil and gas company Lukoil said on Wednesday it will set up a joint working group with the National Iranian Oil Company (NIOC) to develop geological prospecting in parts of the Caspian Sea and Persian Gulf.

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OPEC underinvestment may squeeze oil supply in 2018

September 27, 2017 0

Weaker investment in upstream exploration and production can potentially affect crude oil supply as early as 2018, and five OPEC member countries are expected to drive the market into an undersupplied state instead of oversupplied.

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Petrobras eyes stake in Iran’s Caspian Sea

September 26, 2017 0

Brazil’s state-controlled oil company Petrobras has voiced its interest in working with Iran on hydrocarbon reserves in the Caspian Sea, the National Iranian Oil Co. (NIOC) said last week, citing a meeting in Tehran.  

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UK’s Quercus to build 600 MW solar project in Iran

September 21, 2017 0

UK’s green investment company, Quercus, will build a 600-megawatt (MW) solar photovoltaic (PV) power plant in central Iran, as investors seek to tap the “huge potential” in the Middle East’s second largest economy and the region’s biggest renewable energy market.

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