Saudi Arabia and Russia have been the drivers of the production agreement.
Read More »Iraq`s Southern Oil Exports Rise to Near Record
The bulk of Iraq'.s oil is exported via the southern terminals.
Read More »UAE Oil Firm ADNOC may Offer 20 Percent Stake in Fuel Unit
ADNOC is offering a minimum 10 percent stake. or 1.25 billion shares. and a maximum 20 percent stake. or 2.5 billion shares. in the IPO of ADNOC Distribution.
Read More »Oil Price Drop Imminent If Moscow Says “No“ To Extension
Reports emerged last week that Russia is considering a delay on the decision to extend the cut.
Read More »Oil Markets ‘Need to Extend Output Cut Deal’
The UAE has not ceased oil investments since the onset of the price fall.
Read More »Wild Swings in Iraq Oil Production Give OPEC another Problem
Fighting over Kirkuk and other regional tensions contributed to the increase in prices.
Read More »Iran is looking for New EU Oil Clients
Iran’s biggest oil importer in Asia is China which is followed by India and South Korea and eventually Japan.
Read More »Is This The New Sweet Spot For Shale?
New Mexico may have cheaper prices and costs. but it also has some takeaway capacity and oilfield infrastructure constraints.
Read More »South Pars Exports over 4m Barrels of Oil in 8 Months
Iran has been ramping up crude oil production to win back its market share since sanctions were lifted in January 2016 under a nuclear accord with P5+1.
Read More »Oil Markets in ‘Wait-and-See’ Mode Ahead of OPEC Meeting
Baker Hughes reported on Friday that the number of U.S. rigs drilling for oil was unchanged at 738. having risen by nine the previous week.
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