Tag Archives: Oil Production

The coronavirus has claimed more than 360 lives.

Touraj Dehqani. CEO of Petroleum Engineering and Development Company (PEDEC). has said the company plans to increase production from the Yadavaran oil field.

It is not popular for a pro-OPEC oil analyst to start analyzing the market focusing on demand side.

The surge in US crude oil production coupled with lower oil demand globally gave way to oversupply in an already bearish market.

The United States became a net natural gas exporter on an annual basis in 2017.

OPEC members are considering holding an emergency meeting next month. as oil prices sink on concern the coronavirus outbreak will hit demand.

South Azadegan is estimated to hold 25.6 billion barrels of oil in place.

Libya’s Central Bank Governor Sadiq Al-Kabir called on the international community to help end a week-long shutdown of oil ports by eastern military commander Khalifa Haftar. likening the closures to a bullet in the head.

U.S. oil production from tight formations increased in 2019. accounting for 64% of total U.S. crude oil production.

OPEC+ is due to meet in Vienna on March 5 and 6 to set their policy.