Tag Archives: Al Bawaba

OPEC+ oil ministers will meet in Vienna on March 6.

Iran'.s oil production in July increased to 3.806 million bpd. a 4.000 bpd rise from 3.802 million bpd in June.

The domestic price of oil used for electricity generation and desalination is highly subsidized.

One of the VLCCs sustained minimal damage.

Oil exporters in the region have benefited from the improved outlook for oil prices.

Washington has warned other countries to end business in Iran and stop buying its oil from early November or face punitive measures.

The world’s third largest crude oil supplier currently produces about 10 million bpd and has the capacity to produce 12 million bpd.

The commercial commissioning of the three gas turbine trains is scheduled for spring 2020.

Nasser said oil demand is rising by 1.5 million to 1.7 million barrels a day and will be ``healthy`` next year.

Russia is the largest non-OPEC contributor to the production cut agreement. now in its second year.