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First shale gas flows in Britain since 2011

First shale gas flows in Britain since 2011

Energy company Cuadrilla said Friday it has extracted shale gas in Britain for the first time since resuming fracking operations it halted in 2011 over environmental concerns.

Iranian Oil Exports To China Hit 874,000 Bpd In August

Iranian Oil Exports To China Hit 874,000 Bpd In August

China imported Iranian crude at an average daily rate of 874,000 barrels last month, S&P Global Platts data shows, and, according to the agency, these will start declining now, with the August number representing the peak.

Shell sells $1.3bn of assets

Shell sells $1.3bn of assets

Royal Dutch Shell announced the sale of oil and gas assets in Norway and Malaysia for over $1.3 billion, bringing it closer to a target of $30 billion in disposals by year-end.

 OPEC-NOPEC Deal Swinging in Balance

OPEC-NOPEC Deal Swinging in Balance

There is a widely-used saying in Persian “Dar Hamish-e Rouyeh Yek Pashneh Nemicharkhad”. The English equivalent is “It is a long lane that has no turning”, which literary means that the bad times cannot continue forever, and the good days will not last forever either. Currently, two out of five members of OPEC which founded the organization are under the US sanctions.

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