Tag Archives: Africa

Iran was the only country allowed to slightly boost output.

It was decided during the meeting that majority of members curtail production by a combined amount of 1.2 million barrels.

The average production of oil during the first 6 months of the year should stand at the established quota.

The OPEC 171st session aiming at reviewing the oil freeze plan was held in Vienna on November 30.

Trump’s goal may not be completely unobtainable as US oil production has been on the rise and signs point toward possible energy independence.

Iran is now pumping around 3.8 million barrels per day of oil and condensate.

In November. Obama extended a separate national emergency against Iran.

Iran'.s light and higher-value crude averaged $41 per barrel in 2016 and its heavy oil grade averaged $39.19.

Iran has ramped up oil exports to European customers to 710.000 barrels per day

Libya reopened the Sharara field last month and the nation’s total pumping rate stood at 650.000 barrels a day.