Tag Archives: Oil Production

OPEC+ oil ministers will meet in Vienna on March 6.

Iran has kept developing its sprawling oil and gas fields despite facing a harsh regime of American sanctions.

Oil rose for a third session. the longest winning streak since early January. after the World Heath Organization rekindled optimism that the coronavirus outbreak could be abating.

Last year. Iran eyed 300.000 barrels per day oil production from its West Karoun oilfields.

Non-oil trade between Beijing and the Gulf Cooperation Council (GCC) has grown from just several billion dollars two decades ago to nearly $200 billion last year.

Chevron has ramped up output at a key Venezuela oil project to levels not seen in almost a year. offering a thorny reminder of how U.S. sanctions are failing to deliver a knockout of Nicolas Maduro’s regime.

Nahr Bin Omar oil field is considered one of the most controversial fields because of the pollution and gas emissions.

Moscow needs more time to assess the situation. stopping short of giving a clear Russian position on the proposal.

Iran has the capacity to produce 3.7 million barrels per day of crude oil.

The total number of wells producing crude oil and natural gas in the United States fell to 982.000. down from a peak of 1.035.000 wells in 2014.