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OPEC and its partners agreed in December to output cuts of 1.2 million barrels a day.
Read More »OPEC Mulls Two Scenarios to Adjust Oil Production
OPEC+ Should Keep Oil Cuts. Even with Supply Risks Ahead
OECD oil inventories as of March stood 22.8 million barrels above the five-year average.
Read More »Iraq has Alternative Plans for Any Stoppage of Iran Gas Imports
Iraq plans to build a refinery with a capacity of 150.000 bpd near the northern city of Mosul.
Read More »Putin Prepares to Withdraw Support for Maduro
PDVSA is trying to retool the upgrades to process a simpler form of heavy oil.
Read More »US Warns Merchant Ships of Iran Attacks
US commercial ships including oil tankers sailing through key Middle East waterways could be targeted by Iran in one of the threats to US interests posed by Tehran.
Read More »China Leads Global Crude Oil Imports
China imported 10.68 million barrels per day (bpd) of oil in April.
Read More »Iran Hasn’t Cut Offshore Oil Output and Halted Exports
A tender to raise production at the Forouzan oil field will be finalised by the end of June.
Read More »S.Arabia. UAE Unable to Increase Oil Production
Enemies are waging a psychological war against Iran.
Read More »Market Awaits Impact of Iran Sanction Waivers Expiration
EIA data showed the inventories jumped almost 10 million barrels last week.
Read More »Saudi Oil Exports below 7 Million bpd Till End of May
Saudi'.s oil production would be much lower than 10 million bpd until the end of next month.
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