Tag Archives: International Organizations

US crude production set to touch 9.9m bpd this month. well above EIA forecasts.

U.S. drillers added two oil rigs to reach 749 in the week ended Dec. 1. the highest level since late September. according to Baker Hughes.

At $60. the Kingdom and some other Gulf countries (though not Oman and Bahrain) will probably run a current account surplus for 2018.

The oil can be transferred both to Iran’s northern refineries and the southern export terminals.

The U.S. has for months insisted that more radical measures be taken against the North Korean regime.

Iran has for long been discussing with Oman to produce LNG in its Qalhat liquefaction plant.

U.S. shale oil producers could increase production if oil prices rise.

China aims to increase domestic crude oil output to 200 million tonnes by 2020.

Projections of LNG demand reveal growth of over 3%-5% per year until 2030.

The Declaration of Corporation’ by Opec and non-Opec participating countries gave hope and stability to the market at a very critical time.