Tag Archives: International Organizations

Russia has three oil export terminals on its Arctic coast.

Under the current deal the producers are cutting supply by about 1.8 million barrels per day (bpd).

Iraq has asked BP to help increase output from Kirkuk oilfield to more than 700.000 barrels per day.

Producers in the Middle East. most of which are OPEC members. have supplies that are relatively less expensive to produce.

Cold weather in Europe in late November and so far in December has seen demand for Russian gas surge again.

GE shares were up 0.5 percent in premarket trade. However. the company’s shares have sunk 44 percent this year.

Venezuelan crude exports to the U.S. fell last month to their lowest levels since January 2003.

some 30.000 barrels per day of Kirkuk crude oil would be transferred ``in the near future`` by trucks to Iran’s Kermanshah refinery.

The Asian spot LNG curve. however. is in backwardation. meaning future prices are lower than prompt market levels.

The oilfield is now producing 85.000 barrels per day. according to the Iraqi oil minister.