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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 10, 2016
BP Company: Iran's Gas Production Increased by Six Percent
BP's annual report indicates that Iran's gas production rose by 5.7% last year, but consumption also increased, limiting net exports. The report highlights challenges in…
June 9, 2016
Increase in US Drilling Rigs for the Second Time in 2016
American oil companies have increased their drilling rigs for the second time in 2016 as oil prices hit $50 per barrel, signaling a potential recovery…