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Offshore production in federal waters of the U.S. Gulf of Mexico accounts for 17 percent of total U.S. crude output.
Read More »U.S. Gulf of Mexico Oil and Gas Output Increasing after Hurricane
Libya’s NOC to Close Refinery if Security Violations Continue
Libya is currently producing 1 million bpd of oil on average and plans to increase output.
Read More »Oil Rises as Saudi Arabia Threatened to Retaliate any Sanctions
Crude has retreated more than 5 percent after reaching a four-year high earlier this month.
Read More »Iran Plays Down Impact on Economy from US Sanctions amid Rising Oil Prices
Iran has sold Rials 422.3 trillion worth of crude oil in the five-month period. up Rials 78.7 trillion on the year.
Read More »Russian. Iranian Energy Ministers Discuss Oil Output Cut Deal
The meeting is about the possibility of further oil output regulation.
Read More »Missing Saudi Journalist Is Creating Major Worries around the Oil Market
The stock market in Saudi Arabia plunged on Sunday. and analysts believe oil could be the next to be affected.
Read More »IEA Cuts Oil Demand Forecasts. Expects Prices Staying High
The IEA cut its estimate for global oil-demand growth for both 2018 and 2019.
Read More »Saudi Arabia to Throttle down the World`s Oil Supply it Threatened
Saudi Arabia is the world'.s largest oil exporter.
Read More »Saudi Oil Output Rise will Meet India`s Demand
Saudi Arabia has the capacity to produce 12 million bpd and is currently producing 10.7 million bpd.
Read More »Gazprom will Resume Gas Imports from Turkmenistan
A large part of the revenues from Turkmenistan'.s sales to China are believed to be used to pay off debt on the pipeline link.
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