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Russia would maintain its oil production on the level of July within OPEC+ deal.
Read More »OPEC+ Technical Committee will Discuss Output Quotas Distribution
Oil Edges Up on looming Iran Sanctions. but Rising Global Supply Caps Market
Currently. non-OPEC supply outages are at a 15-month high of 730.000 barrels per day.
Read More »Venezuela Increases Oil Production
Venezuelan crude oil production averaged about 1.500.000 barrels per day during the first semester of 2018.
Read More »Exploration for Oil. Gas Driving Demand for Silica Sand
The U.S. Energy Information Administration estimates that domestic crude oil production will reach record levels in 2018 and 2019.
Read More »Some Refineries would be Hit by a Halt in Iran Oil Buying
Sinopec expects its crude oil output to remain stable over next three years.
Read More »US Active Drilling Rigs Reduce Sharply while Oil Prices Rebound after 7-Week Loss
Most of the oil production growth of the United States comes from the Permian Basin.
Read More »Venezuela Takes Desperate Measures to Support Economy
Venezuela is coping with one of the worst economic disasters in the world.
Read More »US Wants Russia`s Participation in Alaska Shale Gas. Oil Projects
The United States is showing interest in the participation of Russian businesses.
Read More »Saudi Arabia to Build Oil Port in Yemen
Earlier this month. Yemen was said to have resumed oil exports.
Read More »Trump Administration Accepts Energy Dominance Agenda
As of 2017. the EIA has calculated daily oil consumption in the country averaged 19.88 million barrels.
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