Tag Archives: Oil Price

Russia'.s largest crude producer Rosneft was also in a position to be able to add 100.000 b d to production in a few days.

Russian output hit 11.1 million bpd in early June.

Iraq'.s plan is to increase export capacity to 6.5 million bpd by 2022.

Falling production from Venezuela has contributed to a rally in global oil price Brent to nearly $80 a barrel.

The production-cutting pact between the OPEC. Russia and other producers has given strong tailwind to oil prices.

The production-cutting pact between the OPEC. Russia and other producers has given strong tailwind to oil prices.

OPEC governors meet next in October.

The oil price was lower at the beginning of the year than today.

Saudi Arabia and Russia are reportedly nearing an agreement to jointly increase oil production in the upcoming period.

Barkindo took over as Secretary General of OPEC in August 2016.