Tag Archives: International News Agency

Global supply next year could be helped by Brazil. Kazakhstan and the United States.

Iran’s oil exports could fall by as much as two-thirds due to the sanctions. straining oil markets.

Washington is pushing allies to cut imports of Iranian oil to zero.

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

The northern refinery of Baiji was brought back online and is producing 70.000 bpd.

OOCEP holds a 40 percent stake in the block. while Britain’s BP holds the remaining 60 percent.

Russian-Saudi-OPEC collusion reduced the slack in oil markets. and led to lower stockpiling of crude oil and petroleum products in 2017.

Both firms were roped in by the Iraqi government to help reduce gas flaring. which the oil ministry hopes to snuff out by 2021.

It is doubtful that PGNiG will manage to earn dramatically in this highly competitive environment.

ADNOC has a target to have production capacity of 3.5 million bpd by the end of this year.