Tag Archives: International

For Russia. the full-compliance option would be less attractive. adding just several dozens of barrels to the average daily output.

Producers are capable of filling any market gap and that relaxing supply cuts is not the right decision.

Average conformity has reached 120 percent since January 2019.

Tensions in the Middle East continue to risk secure supply of oil from the region to the global market.

Rystad expects North Sea oil production to drop to 2.28 million bpd with 462 000 bpd lost due to outages.

OPEC and its partners agreed in December to output cuts of 1.2 million barrels a day.

The global inventories particularly in the U.S. inventories are high and are still rising.

India is Iran’s second largest oil customer after China.

China firmly opposes unilateral sanctions and the so-called '.long-arm jurisdiction'. imposed by the United States on Iran.

Exxon Mobil withdrew all of its foreign staff. which amounted to around 60 people.