The future of the Persian Gulf Cooperation Council (GCC) is under the worst threat ever as relations between key members, Saudi Arabia and the UAE, are increasingly becoming hostile.  

Iran’s Zanganeh says OPEC members expect Iran to choreograph its return to the oil markets.

OPEC estimates that there will be an oil supply deficit in August and in the rest of 2021.

OPEC figures show Iran’s crude output reached 2.614 million bpd in April, up 13.4% against March.

Oil prices increased on Thursday to the highest level in almost a month, after rising 5% in the previous session.

The OPEC data obtained from sources shows Iran’s crude production rose by 6.3% in March.

Demand is rising for Iranian crude oil, with an OPEC report showing a higher output already by Iran which is closely watched by customers as the country is discussing the removal of unilateral US sanctions.

Oil prices finally hit the $60-a-barrel mark, the highest seen in a year in the international markets.

ReconAfrica is a Canadian oil and gas company engaged in the development and exploration of oil and gas in the Northeast of Namibia, and Northwest of Botswana, commonly known as the ‘Kavango Basin’

Iran’s Oil Minister Zanganeh has travelled to Moscow to meet Russia’s new energy minister.