Tag Archives: Oil Production

The main factor keeping oil prices from rising even further is soaring U.S. oil production.

Higher energy prices will lead to higher gasoline prices in the U.S.

China’s vehicle sales last month fell by 15.8 percent versus the same month in 2018.

Venezuela’s production has almost halved in two years to 1.17 million bpd.

Riyadh projects that its budget deficit will decrease this year to 131 billion riyals.

Venezuela'.s total crude output will fall to below 800.000 b d by the end of February.

Iran is currently exporting gas to Iraq. Armenia. and Turkey.

Russia has been in full compliance with its pledge to gradually cut its oil production.

PDVSA and Maduro’s government could have a much harder time finding destinations for Venezuelan oil than first thought.

The total recoverable oil reserves at five blocks may amount to 670 million barrels.