The OPEC Joint Technical Committee was created to monitor the implementation of countries’ commitments to cut oil production.
Read More »Russia Invites Turkmenistan to Participate in OPEC+ Deal
Over the 8 months of the agreement in force. surplus of global oil reserves decreased by 168 mln barrels and now stocks exceed the five-year standard by only 170 mln barrels.
Read More »Iraq Eyes Restarting Production at Nineveh Oil Fields
The region was retaken from Islamic State militants in August 2016. two months before the launch of an offensive on the city of Mosul itself.
Read More »Iraq Eyes Restarting Production at Nineveh Oil Fields
The region was retaken from Islamic State militants in August 2016. two months before the launch of an offensive on the city of Mosul itself.
Read More »Aramco Seals Malaysia Petchem Complex Partnership Deal
Given PCG’s strength in the region’s petrochemicals sector. Saudi Aramco is proud to be entering into a deeper. mutually beneficial partnership in PIC.
Read More »ADNOC Plans Further Oil Output Reduction
For the first quarter of 2017. according to OPEC figures. ADNOC pumped an average 2.935 million bpd and in the second quarter. it produced 2.91 million bpd of crude.
Read More »Russia. China to Benefit from U.S. Sanctions On Venezuela
Chinese companies have moved into Venezuelan upstream activities as well. However. here the primary play has been to control oil export revenues.
Read More »Saudis See Economy Shrink in Spite of Higher Oil Prices
In this context. the IPO of Aramco becomes even more essential for Prince Mohammed’s diversification plans.
Read More »Asia`s Iran Oil Imports Reach Five-Month High
The country is aiming to raise oil output to around 4 million bpd by the end of the year and 4.5 million bpd within five years from around 3.8 million bpd in recent months.
Read More »India Receives First-Ever Shipment of US Crude Oil at Paradip Port
Indian companies. both public and private. have invested about $5 billion in US shale assets.
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