EIA’s forecast for 2018. in contrast. increased compared to the previous outlook. when it was at 40.2 million barrels per day.
Read More »Is Extending OPEC Cuts a Done Deal?
Russia’s Energy Minister Alexander Novak said last week that it is too early to talk about an extension.
Read More »Repsol Discovers Oil in Alaska
Repsol has been actively exploring in Alaska since 2008 and has an additional presence in the Gulf of Mexico.
Read More »Oil Industry Reviving Quest for Deepwater Reserves
Shell is the largest deepwater producer among the world'.s top publicly traded oil companies.
Read More »Tehran. Caracas Oil Ministers Meet in Tehran
.Implementation of the output cut by OPEC and non-OPEC suppliers has positively influenced the prices
Read More »Min: No Problem for Oil Talks with Saudis
we have no problem to continue talks with Saudi Arabia on further coordination at the OPEC level
Read More »US Export More Oil Than 4 OPEC Producers
.The world’s largest oil-consuming country could sell as much as 800.000 barrels per day of crude overseas this year
Read More »US Oil Pipeline Projects Face Hurdles Despite Trump Support
.US President Donald Trump may have revived prospects for the controversial Keystone XL and Dakota Access oil pipelines
Read More »Iran Crude Steel Output Rises 10.8%
The global 2016 output stood at over 1.6 billion tons. up 0.7% year on year.
Read More »Trump’s Pledge to Break from OPEC Echoes Old Refrain
Trump’s goal may not be completely unobtainable as US oil production has been on the rise and signs point toward possible energy independence.
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