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OPEC+ cuts can’t last forever- Russia

Russia says, OPEC+ output cuts have stabilized the global oil market but can’t last forever as uncertainty persists over the future of the agreement beyond March. In an interview with state television channel Rossiya24,  OEnergy Minister Alexander Novak revealed saying, “cuts can’t be eternal; we will gradually need to make a decision on exiting”.

Chevron visualizes ‘long, healthy pace’ in Permian

President of Chevron’s North American business, Steve Green, yesterday, was insistent that the current shale patch will not be a victim to historic boom-and-bust cycles that have constantly been affecting the Texas oil economy for years.

Iran revealed to be hiding its oil tankers during transportation

Sanction-bound country Iran has devised methods to transport its crude oil undetected, leaving many cargo tracking firms unable to come up with concrete data and leaves the media too quick to report numbers that become inconclusive by the time the story is released.

Israel, Egypt, strengthen ties with Gas trade

Israel Energy Minister, Yuval Steinitz, has revealed that Israel will begin natural gas exports to Egypt within four months. In an interview, Steinitz said the deal to buy stakes in the EMG pipeline between Ashkelon in Israel and El-Arish in Egypt was almost closed and would be completed in “the next few weeks”. According to Reuters, the flow…
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