Tag Archives: Oil Production

Oil prices have come under downward pressure from rising supplies.

OPEC and Russia may use cuts to support $70 per barrel.

The next OPEC+ meeting is scheduled for 4 December.

Saudi Arabia is the only producer with significant spare capacity around 2 million bpd.

The most crucial difference between Goldman and some other forecasters is the confidence in emerging market demand.

The United Arab Emirates (UAE) is seeking to increase its oil output by 5 million barrels per day by 2030.

Unlike traditional oil. shale oil is more capital-intensive.

Russian oil output peaked during the Soviet era. averaging 11.416 million bpd in 1987. according to BP data.

Drilling for oil and gas in Canada will likely decline by 5 percent in 2019.

Iran is the third-largest producer in the Organization of the Petroleum Exporting Countries (OPEC).