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June 2016
June 22, 2016
Iran's Oil Revenues Have Decreased 'Fourfold' Compared to 2011
Iran's oil revenues have dramatically decreased, dropping from over $114 billion in 2011 to just $27 billion in 2015, largely due to sanctions and falling…
June 3, 2016
Is OPEC Dying?
The recent OPEC meeting failed to address internal divisions and influence global oil prices, highlighting the organization's diminishing authority in a rapidly changing energy market.…
June 1, 2016
Oil Ministry Official: Agreement on Quotas at OPEC is Unlikely
Iran's Oil Ministry official Mehdi Asali expressed skepticism about reaching an agreement on OPEC production quotas at the upcoming meeting, citing the complexity and need…