Tag Archives: International News Agency

Iraq had oil reserves of 153 billion barrels as of last year.

Crude prices were under pressure after the US announced a fresh round of tariffs on $200 billion worth of Chinese goods Monday.

Russia has already reversed most of its own production cuts as part of the deal.

OPEC and non-OPEC countries aim to agree a framework for long-term cooperation by December.

The U.S.-China trade tension restricts oil from rising further.

In the Permian Basin. the US'. most active oil and gas producing area. the rig count fell by one to 483.

Novak and Falih discussed bilateral energy ties and the global energy market during a meeting in Moscow.

Venezuela. which pumped 1.22 million b d in August. could see output fall to 1 million b d in 2019.

Lack of proposal will not enable the US to null export of Iranian oil.

Sixteen countries have been invited to the meeting of the ministerial monitoring committee of OPEC +.