Oil

It is expected that natural gas and water injection into oil fields rise by 50 and over 38 percent respectively.

Russia will see lower inflation and a smaller budget deficit if OPEC and non-OPEC oil producers agree to extend a production cut deal.

Around 83.000 barrels of Yadavaran production is a blend of light crude and the rest is heavy crude.

For more than 75 years. Schlumberger has supported Saudi Aramco and the Kingdom of Saudi Arabia’s oil and gas industry.

OPEC has been urging other producers to join the supply pact.

Currently. the value of the UAE’s investments in Indonesia amounts to $2 billion.

Caspian Oil &. Gas 2017

The U.S. oil major bid for the cargoes of the ultra light oil at more than $2 a barrel above Dubai quotes.

BP expects to grow its production to 4 million barrels a day by the end of the decade.

US crude imports rose 577.000 bpd last week. while exports rose 400.000 bpd.