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The 15 countries in OPEC produced an average 33.31 million barrels per day in October.
Read More »U.S. And OPEC Add Huge Volumes of New Supply to Soften Oil Market
OPEC’s Output Highest since 2016
OPEC agreed in June to pump more oil after pressure from U.S. President Donald Trump to curb rising prices.
Read More »Novak Prepares Draft Plan on Taking Account of Oil Fields
Russia has planned to take account of oil fields. develop their yield evaluation and revise the existing incentives for oil fields.
Read More »Can Arab Countries Compensate Iran`s Oil for India?
If New Delhi drops its oil imports from Tehran to zero. it will need to import more from other partners.
Read More »Europe Eyes on Libya and Nigeria to Keep Oil under $100
After Gaddafi’s ouster. oil was intended to lubricate the reconciliation process.
Read More »Thamir Ghadhban. Iraq`s New Oil Minister
Ghadhban replace Jabbar al-Luaibi as oil minister.
Read More »Libya Expects Output to Reach Qaddafi-Era Levels
North African country aims to reach a target of 1.6 million barrels a day from 1.25 million barrels currently.
Read More »Big Oil Exporters must Diversify Economies
The IEA said it looked in particular at Iraq. Nigeria. Russia. Saudi Arabia. the United Arab Emirates and Venezuela.
Read More »Oil Addiction Weakness China as a Superpower
In its Gas 2018 annual report. the IEA said Chinese demand for natural gas will rise by almost 60 percent between 2017 and 2023 to 376 bcm.
Read More »A New Era for Oil
Saudi Arabia and Russia could formalize a strategic partnership. marking a new era for the oil market.
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