Tag Archives: Oil Production

Saudi Arabia. OPEC’s de facto leader and largest producer. pumped 10.53 million bpd in September.

Iran has started to offer cargo insurance and tankers operated by Iranian companies in a bid to continue to sell its oil to the major buyers.

The capacity of the giant Khurais oil field will be expanded by between 250.000 bpd and 300.000 bpd.

Saudi Arabia is the world’s top oil exporter and OPEC’s de-facto leader.

The Qayara oil field was shut-in for years until last year. due to the war with Islamic State.

Iraq has continued to flare some of the gas extracted alongside crude oil at its fields because of lacks of facility.

Russia can bring ``a couple of hundred thousand barrels`` in the short term.

Saudi Arabia will continue to increase oil production in order to achieve moderate prices.

The sanctions are expected to impact Iranian oil exports.

Saudi Arabia pledged in June to increase its crude oil production to help rein in prices.