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A State Department official said the US will not be granting waivers under the new sanctions regime.
Read More »US Wants India and Allies to Stop Importing Crude Oil from Iran by November 4
Russia’s Oil Output Stood at 11.054 Million bpd on June
The Russian oil production stood at 11.054 million barrels per day (bpd) on June 1-26.
Read More »It would be Impossiblefor Iran to Cut its Oil from Market Easily as Demanded by U.S.
The United States demanded all countries stop imports of Iranian oil from November.
Read More »OPEC Agreement did not Specify Oil Production Increase
Iran had demanded OPEC reject calls from U.S. President Donald Trump for an increase in oil supply.
Read More »Oil Markets Tense amid Outages. OPEC Policy and Trade Rows
US West Texas Intermediate crude futures was 35 cents higher at $68.43 a barrel.
Read More »Brent Oil Drops 2 Percent in Asia
Brent is flashing red in Asia. possibly because traders expect output to rise. courtesy of OPEC deal.
Read More »Aramco has 2 Million Barrels Per Day of Spare Capacity
Aramco is currently producing 10 million barrels per day (mbpd) and has the ability to produce 12 mbpd. Amin Nasser. chief executive of Saudi Aramco. said in New Delhi.
Read More »Novak Says a Crude Output Deal for 2019 is already Being Planned
Russia plans to increase its output by 200.000 barrels per day as part of Saturday’s deal.
Read More »OPEC. Non-OPEC Producers Arrange to Boost Oil Output
The group equally stated they will meet again on December 4. 2018 to review their decision and its impacts on the market.
Read More »OPEC Members Increase Oil Production to Cool Down Rising Prices
The major producers appear to have consumers’ interests in mind more than they have in the past.
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