Tag Archives: Oil Production

Venezuela’s crude production could soon sink to below 1 million bpd.

While OPEC considers withholding supply. U.S. crude oil production reached another record last week.

Gazprom Neft could partner with Mubadala. Adnoc and other companies in the development of oil and gas reserves.

Iran is the third-largest producer of the oil cartel OPEC. providing more than 2 percent of global oil output.

Oil prices at $70 or above is never the best choice for the consumers and Russia is in that camp.

The Technical Committee held the meeting on the verge of the Joint Ministerial Monitoring Committee meeting in Abu Dhabi this Sunday.

A possibility of oil production cut in 2019 looms large as OPEC and its allies are expected to meet in Abu Dhabi.

The oil market could tip into a shortage in the 2020s because nobody is allowed to fully invest in future oil production.

EIA predicts that U.S. production will increase to 12 million barrels per day in the second quarter of 2019.

U.S. production will be growing despite the current capacity constraints in the Permian.