Tag Archives: Oil Market

Iran'.s oil production is about 3.9 million barrels a day. including the 2.2 million barrels exported.

According to Oil Minister Bijan Namdar Zanganeh. negotiations are underway with Iraq to develop three joint oilfields.

Turkmenistan will observe in the next session on declaration on cooperation in Vienna on November 30.

Moscow is worried about letting prices rise too far. even suggesting that $60 would be enough to justify ditching the output agreement.

Iraq is holding talks with Iran to truck 15.000 bpd of Kirkuk crude to Iran’s Kermanshah refinery.

Confidence in the oil market is evident in the way financial traders have positioned themselves.

The September 25 independence referendum in oil-rich regions of Iraqi Kurdistan and Kirkuk led to a military operation driven by the Iraqi government forces.

Global oil supply rose 90.000 b d in September to 97.5 mb d as non-OPEC output edged higher with output standing at 620.000 b d higher than last year.

Technical negotiations with Lukoil on Mansouri and Abteymour oilfields had already been finalized.

A more significant development was Russia agreeing to some yuan-based oil trade in 2015. also the result of U.S. sanctions.