OPEC and non-OPEC producers are restraining production by a total 1.8 million barrels per day to prop up prices under a deal that is to expire at the end of 2018.
Read More »Libya Oil Output Drops after Attack on Pipeline
The OPEC country'.s output has recovered in the last year to nearly 1 million b d.
Read More »India`s Oil Import from Iran Reduced
India’s oil imports from Iran during the 2017-18 fiscal year fell by 15.7% from a year ago.
Read More »Libya Fuel Smuggling Costing $750 Million a Year
Libya. holder of Africa’s largest crude reserves and an OPEC member. is already reeling from political divisions.
Read More »Libya`s Big Challenge. Fuel Smuggling
Between 30 and 40 percent of fuel refined in Libya or imported into the country is stolen or smuggled.
Read More »Russia. Iran can Extend Oil Supplies Agreement for 5 Years
In May 2017. Iran and Russia reached an agreement to begin oil supplies under the oil-for-goods program established back in 2014.
Read More »Iran Hydrocarbon Reserves will Last 155 Years
Iran boasts one of the world'.s largest proven oil reserves of 158.7 billion barrels.
Read More »China Shale Gas Output Significant Increase
China produced 9 bcm of shale gas last year. or 6 percent of its total gas output.
Read More »India to Work with China against OPEC`s `Asian Premium`
Asian Premium is the extra charge being collected by OPEC countries from Asian countries when selling oil.
Read More »South Korea`s Import of Iranian Crude Down in March
The country’s final data for March crude imports data will be released by state-run Korea National Oil Corp (KNOC) later this month.
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