Tag Archives: Oil Production

For years. Libya has been split between two governments.

Iraq has adequate supplies of natural gas but has been flaring gas at increasing rates as oil production climbs.

Crude oil prices have been moving higher since last month and are up 33 per cent in the year to date.

Venezuela had its eyes on India to try to make up its shortfall.

Saudi Arabia’s April crude oil production was nearly steady with previous months.

IEA expects Iraq to add 1.2 million bpd in 10 years to reach 6 million bpd of production in 2030.

OPEC is set to meet on June 25 in Vienna to discuss extending the agreement to cut output by 1.2 million b d beyond the end of June.

The US decision on Monday more than failing to snuff out Iran’s oil exports will disrupt markets and complicate Washington’s relations with Beijing and even its own partners. industry analysts say.

Oilfields owned jointly by Iran and Iraq are located near the Hawizeh Wetlands.

In March. Russia continued to gradually reduce oil production.