U.S. output will likely rise further this year. towards or past Russia'.s 11 million bpd. as its energy firms keep drilling for more.
Read More »Iraq Signs BP Deal for Kirkuk Oilfield Development
Iraq exported 100 million barrels of oil in April. a daily rate of 3.3 million barrels.
Read More »IMF Warns Arab States over Complacency over Debt
MENA countries need to create 25 million new jobs over the next five years.
Read More »Angela Merkel Meets with Trump in Latest European Attempt to Preserve Iran Nuclear Agreement
Ms Merkel is the second European leader to visit the White House this week.
Read More »Another OPEC Member Suffering from Sharp Decline
While plunging output in Venezuela captures the oil world’s attention. problems are quietly festering in another OPEC nation.
Read More »Venezuela Enters New Phase of Crisis
Venezuela’s oil production has declined to just 1.488 million barrels per day (mb d) as of March.
Read More »Water Crisis in Iran
The water crisis is already seriously affecting living conditions as well as resources and agriculture.
Read More »India to Work with China against OPEC`s `Asian Premium`
Asian Premium is the extra charge being collected by OPEC countries from Asian countries when selling oil.
Read More »OPEC Crude Production Drops to Lowest in a Year
Output from Saudi Arabia. OPEC’s de-facto leader and its biggest producer. fell 10.000 bpd from February to 9.87 million.
Read More »Iraq to Increase Oil Income. Decrease KRG`s Share
The first international flight landed at Erbil airport on Monday morning.
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