Oil

Saudi Arabia and large producers are ramping up output to offset losses that are likely to come as the November deadline approaches.

According to OPEC+ deal Kazakhstan must lower oil production by 20 000 barrels per day to the level of November 2016.

Opponents claim sanctions unfairly penalize US firms while allowing their foreign rivals such as Royal Dutch Shell and BP to operate in Russia.

OPEC agreed with Russia and other oil-producing allies last month to raise output from July.

The global oil and gas industry has significantly increased the pace at which new projects are brought to peak production levels.

The upcoming sanctions on Iran provide a golden opportunity to commercialize more U.S. oil in the Indian market.

Oil supplies from Iran should be completely stopped by October.

Production from an oil reservoir in the Kurdish north of Iraq has increased by more than 60 %.

Syria’s government and its President Bashar Assad rely on Russia to help it to restore its oil and gas sector.

This week. Iran filed a lawsuit against the US in the International Court of Justice over the re-imposition of US sanctions