OPEC has no plans to support world oil prices.This means that "black gold" may  be cheaper to 25 dollars per barrel soon , according to the government of Iran. In this regard, the Minister of petroleum of the Islamic State BGAN Zangana tries to prevent a sharp decline in oil prices through

Last week reduction in oil prices has continued, and on this background it is very instructive to observe the different reactions of the three countries, whose staggering loss may be the most sensational international events 2015. Iran's response to the oil crisis this year will determine the

Tactics OPEC bearing fruit: the cartel, who refused to cut oil production provoked a record drop in prices on black gold, can regain the market share lost due to the oil expansion in the United States. Many American projects were under threat of closure due to price fall.We are talking primarily

Royal Dutch Shell received approval from the U.S. Department of Commerce export of American oil. An export permit will allow Shell to increase the export of condensate, however, work will begin only when oil prices will rise and “black gold” will become profitable, said a company representative.  

United Arab Emirates (UAE) will continue to increase oil capacity and OPEC to stick to your decision not to change production volumes. This was announced today by the UAE Minister of energy Suhail al-Mazrouei. Perhaps the first who will cut production because of falling prices, will be shale oil