Oil

The U.S. assassination of one of Iran’s most powerful generals has the oil industry bracing for something it has long feared and anticipated.

Oil in New York capped its biggest annual increase since 2016. as OPEC’s production cuts tempered supplies while a trade pact between the U.S. and China.

Iran continues to export oil. especially to China.

Operations resumed at Iraq'.s southern Nassiriya oil field on Dec. 30.

in a nine-month period as of March 21. 2019. some 64.337 tons of oil products have been exported from Bahonar port in south Iran.

Russia agreed to expand its 228.000 bpd in cuts by an additional 70.000 bpd for a total of about 300.000 bpd.

Libya’s largest functioning refinery in Zawiya is located around 49 kilometers (30 miles) from the capital. Tripoli.

OPEC+ will meet in early March to discuss options for future cooperation on supply.

Oil prices are likely to remain in check during 2020 as OPEC+ production cuts are offset by higher output from other countries and a mixed outlook for demand. according to analysts.

The National Iranian Oil Company (NIOC) announced that it will soon disclose further details on a newly discovered oilfield in the Southwestern province of Khuzestan. where the NIOC has already found a giant oil reserve that was declared in last month.