Tag Archives: Market

Iraq was close to implementing its share of the agreed production cuts and would be in full compliance by the end of the month

.Production increased throughout 2016. rising from 2.94 million bopd in January to 3.7 million bpd by November

Iran was exempted from an OPEC deal in January to reduce output by 1.2 million barrels per day (bpd)

.Iran should be part of our supply chain

.Brent crude oil was up 10 cents a barrel at $55.33. US light crude was down 10 cents a barrel at $52.53. Reuters reported

36 companies have got the NIOPDC approval for selling branded gasoline

Establishing small-scale and floating LNG units with 10 million tons in annual production capacity is another plausible scenari

.In the current situation. manufacturers were contented with prices standing at 55 to 60 dollars per barrel

.Oil market is moving towards rebalancing of supply of demand and no one has ever imagined this to happen all at onc

Iran has close to 34 trillion cubic meters of natural gas reserves. which is around 18% of the global gas reserves.