Tag Archives: Africa

The SPR sales would not start until October 2018 and would amount to just 95.000 bpd. or 1 percent of current U.S. output.

The price of OPEC’s basket of 13 crudes stood at $51.50 per barrel on May 22.

Kuwait is part of a joint OPEC/non-OPEC ministerial monitoring committee.

Sasol confirmed on its website there had been an explosion at about 0545 GMT at the country'.s only inland refinery.

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

South Africa bought around 68.000 bpd of crude from Iran in May 2012.

Over the next two months. the UAE will cut another 278000 bpd. demonstrating its compliance with its quota under the agreement.

Goldman kept its average Brent price forecast for the third quarter of 2017 at $57 per barrel.

Maersk produces oil from the Danish and UK sections of the North Sea. Qatar. Algeria and Kazakhstan.

This small company could be one of the biggest winners of the coming gold boom.