Tag Archives: Oil Production

A decision on the production policy in 2019 can be reached at an OPEC+ ministerial meeting in Vienna on December 6-7.

Saudi Aramco plans to boost its gas production to 23 billion standard cubic feet (scf) a day from 14 billion scf now.

Oil production had declined by 150 thousand barrels per day.

Saudi Arabia has been pushing for an OPEC cut. indicating it may reduce supply by 500.000 bpd.

The output from the troika is the fastest-growing element in global oil supplies.

Goldman Sachs believes that the price of oil and other commodities are set for a rebound next year.

Oil price hit their low for the year Friday as U.S. production continued to grow.

Saudi Arabia says repeatedly that it won’t balance supply and demand on its own.

Venesuela'.s oil production has fallen to just 1.17 million barrels-per-day. a 37 percent drop in the last year.

OPEC reportedly considered announcing a cut of 1.4 million bpd.