Tag Archives: Oil Price

Domestic production meets some 30 per cent of the demand for oil and around 70 per cent for gas in the country.

Iran'.s heavy crude oil price also experienced a $1.02 increase in the said week to settle at $60.49 per barrel.

OPEC doesn’t expect significant drawdowns in oil inventories in the first quarter of 2018.

BP completed seven major projects this year. in Egypt. Trinidad and Tobago. Oman. Australia and in the North Sea.

Projections of LNG demand reveal growth of over 3%-5% per year until 2030.

The Declaration of Corporation’ by Opec and non-Opec participating countries gave hope and stability to the market at a very critical time.

Oil crashed to its lowest levels in over a decade in February 2016 from a high of $115 a barrel three years ago.

Last week. news emerged about preliminary plans to build a $20 billion complex to convert crude oil to chemicals.

Russia is the producer everyone is watching ahead of the OPEC meeting.

The market had been looking forward to a supportive number due to the pipeline disruption from Canada.