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Moscow said last month it had discussed with Riyadh extending the deal but no specific decisions had been made ahead of a Nov. 30 producers’ meeting in Vienna.
Read More »Saudi King Heads to Russia. with Oil. Investment and Syria on Agenda
Russia on Track to Becoming Global Energy Storage Leader
Moscow expects oil refining to go up to 284 mln tones and gasoline demand to rise 1% in 2017.
Read More »Azerbaijan Fulfills Commitments Under OPEC Deal in September
The OPEC Joint Technical Committee was created to monitor the implementation of countries’ commitments to cut oil production.
Read More »Russia Invites Turkmenistan to Participate in OPEC+ Deal
Over the 8 months of the agreement in force. surplus of global oil reserves decreased by 168 mln barrels and now stocks exceed the five-year standard by only 170 mln barrels.
Read More »Iraq Eyes Restarting Production at Nineveh Oil Fields
The region was retaken from Islamic State militants in August 2016. two months before the launch of an offensive on the city of Mosul itself.
Read More »Iraq Eyes Restarting Production at Nineveh Oil Fields
The region was retaken from Islamic State militants in August 2016. two months before the launch of an offensive on the city of Mosul itself.
Read More »Libya’s Sharara Oil Field Closed Again. 230.000 Bpd Output Offline
At the beginning of last month. Sharara had resumed production following a two-week halt.
Read More »ISIS Sets Fire to Oil Wells Near Iraq’s Kirkuk
The Allas oil field just south of Hawija has been one of the main sources of revenue for Islamic State militants.
Read More »ADNOC Plans Further Oil Output Reduction
For the first quarter of 2017. according to OPEC figures. ADNOC pumped an average 2.935 million bpd and in the second quarter. it produced 2.91 million bpd of crude.
Read More »Iran Looks at New Gas Ventures
Iran is currently producing about 880 million cubic meters a day of natural gas.
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