Tag Archives: International News Agency

Libya. along with Nigeria. is formally excluded from an effort by the OPEC to balance an oversupplied market with coordinated production cuts.

The project envisions the development of the Estacion Fernandez Oro field together with Argentina’s largest oil and gas company YPF.

China’s total exports of refined fuel touched an all-time monthly high of 6.17 million tonnes in December.

According to the report. the refiner shipped in about 21 percent less oil from Iran at about 134.000 bpd in 2017.

The world’s top oil exporter aims to hold its production at around 9.8 million bpd level from January until March.

The project would simplify China’s oil imports from the Middle East.

The Egyptian government had agreed to buy 12 million barrels of oil per year from Iraq.

Due to the crisis and inability to afford cash for production maintenance. Venezuela is—unwillingly—overcomplying with its share of the OPEC cuts.

OPEC and its partners see merit in maintaining their curbs into 2019.

The long-term picture for gas is highly positive. said Fuzzy Bitar. Head of Upstream operations. BP.