Tag Archives: International

The company has a deal to buy 180.000 barrels per day (bpd)Iranian oil this fiscal year.

Relations between the Iraqi government and the KRG had been strained since September 2017.

The oil market could tip into a shortage in the 2020s because ``nobody is allowed to fully invest in future oil production.

OPEC and 10 non-OPEC partners. led by Russia. will meet December 6-7 to decide on output policy.

Iran is OPEC’s third-largest producer. providing more than 2 percent of global oil output.

Libya has northern Africa'.s largest proven reserves of oil - at 48 billion barrels.

China’s total crude oil imports in October hit a record-high.

The Russian parliamentarians already announced that Moscow will continue fulfilling its commitments with Syria.

Saudi Arabia and its allies are now considering cutting output by 1 million to 1.4 million barrels per day.

As oil prices have headed south. Saudi Arabia said it would cut exports by 500.000 bopd next month.