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According to OPEC+ deal Kazakhstan must lower oil production by 20 000 barrels per day to the level of November 2016.
Read More »Kazakhstan may Increase Oil Production in 2019
Russia Exerts Oil Stocks to Boost Crude Production
Lukoil. Russia'.s second-biggest oil producer. has increased output by 29.000 bpd.
Read More »Saudi Arabia`s Problem to Sell Extra Oil After Deal With US
Saudi Arabia and several other members of OPEC have increased exports sharply ahead of sanctions on Iran.
Read More »BMI Revised Forecasts for Saudi`s Economy
GDP growth forecast at 1.9 per cent in 2018 following Opec meeting in June.
Read More »Global Peak Oil Demand Expected in 2036
The global oil and gas industry has significantly increased the pace at which new projects are brought to peak production levels.
Read More »Venezuela Evaluates Plans to Raise Oil Production
Anticorruption probes advanced by the Public Ministry caused that 90 executives of Pdvsa were arrested over the last 11 months.
Read More »Kurds in Syria Share Oil with Government as Part of a Deal
Syria’s government and its President Bashar Assad rely on Russia to help it to restore its oil and gas sector.
Read More »Venezuela Discuss It Plans to Raise Oil Production
Venezuela’s crude oil production dropped in June by 47.500 bpd from May. to average 1.340 million bpd last month.
Read More »NOC Declares Force Majeure on Oil Exports at Al-Zawiya Oil Port
The NOC shut the oilfield in the aftermath of the incident and 160.000 bpd are lost from the Total output of Libya'.s crude.
Read More »Workers Strike in Norway Leads to Oil Climb
The threat of further supply disruptions hasn'.t totally evaporated.
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