Tag Archives: Oil Production

Russia’s crude oil production in April stood at 11.24 million barrels per day. still slightly off its promised level of 11.191 million bpd.

Crude oil prices were slightly up during the week with declines in U.S. crude oil inventories and production.

OPEC and its allies meet in June to decide whether to continue withholding supply.

Several geopolitical factors in the coming months could lead to higher oil prices than the current $71 a barrel Brent.

US shale drillers have run into a series of problems that have resulted in increased scrutiny on their operations.

U.S. sanctions have removed 800.000 bpd of heavy crude from the global market.

Aramco fully owns three refineries in Saudi Arabia and the Motiva Enterprises LLC plant in the U.S.

The EU issued an official statement urging the sides in the conflict to stop the violence.

The sudden risk to Libya’s oil supply comes at a time when the broader global oil market is tightening.

Sanctions can cut 500.000 bpd of Venezuelan exports.