Tag Archives: International News Agency

Saudi Arabia and Russia are reportedly nearing an agreement to jointly increase oil production in the upcoming period.

The IAEA is monitoring Iran'.s nuclear programme under the Joint Comprehensive Plan of Action (JCPOA).

Other Chinese refiners are looking to reconfigure their plants so they could buy and process U.S. oil. one trade source said.

Move follows pressure from US as prices breach $80 a barrel.

Saudi Aramco’s much-hyped initial public offering is ``most likely`` to take place in 2019.

The recent US oil rig peak of 1.609 was in October 2014. at a time oil prices had fallen to the mid-$80s b.

Shell expects its global deepwater production from already discovered and established areas to exceed 900.000 boe d by 2020.

Sonatrach will boost discoveries to reach 100 million tonnes of oil equivalent per year.

The EIA estimates that the US pumped the equivalent of 30 million barrels of oil per day in 2017.

India has asked Saudi Arabia for assurances that oil prices will remain stable and moderate.