KSA: Informal meeting ahead of OPEC meeting ends barren

Member countries of the Organization of Petroleum Exporting Countries (OPEC) are meeting this Friday in Vienna to discuss the organization’s policies especially the low hydrocarbon prices but a change is not expected as they continue to disagree over the approach Read more

Iran to announce oil contracts in November – December

The Iranian government is determined to increase its oil production as it works towards regaining its past glory as the second biggest producer among OPEC members before U.S, E.U and U.N economic sanctions. Global oil prices have been dropping since Read more