Tag Archives: International News Agency

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.

Moscow expects oil refining to go up to 284 mln tones and gasoline demand to rise 1% in 2017.

The OPEC Joint Technical Committee was created to monitor the implementation of countries’ commitments to cut oil production.

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.

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.

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.

At the beginning of last month. Sharara had resumed production following a two-week halt.

The Allas oil field just south of Hawija has been one of the main sources of revenue for Islamic State militants.

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.

Iran is currently producing about 880 million cubic meters a day of natural gas.