Tag Archives: Bloomberg News Agency

Despite its discontent. Bagdad prefers to maintain good relations with Russia for several reasons.

EIA predicts that U.S. production will increase to 12 million barrels per day in the second quarter of 2019.

U.S. production will be growing despite the current capacity constraints in the Permian.

Exxon still sees a bright future for the oil industry. with 2.5 billion people set to enter the middle class in the next 20 years.

Russian oil output peaked during the Soviet era. averaging 11.416 million bpd in 1987. according to BP data.

In Asia. America’s closest allies Japan and South Korea have followed suit for now.

North African country aims to reach a target of 1.6 million barrels a day from 1.25 million barrels currently.

Expensive energy is back and it is threatening global economic growth.

Production from the nation’s major shale plays is expected to rise by almost 100.000 bpd month-on-month in November.

The IEA cut its estimate for global oil-demand growth for both 2018 and 2019.