Tag Archives: Oil Production

Trump said in a tweet on Saturday that Saudi Arabia’s King Salman bin Abdulaziz Al Saud had agreed to produce more oil.

Statement doesn’t confirm Trump tweet that King Salman ``agreed.``

Saudi Arabia cannot add 2mn bpd to the oil market.

OPEC agreed with Russia and other oil-producing allies this month to raise output from July by about 1 million bpd.

The lucrative deal is the second chance for South Korea to tap into the Middle East market following a US$20 billion contract with the UAE in 2009.

Iran had been pushing hard for oil producers to hold output steady as U.S. sanctions are expected to hit its exports.

Russia reduced its crude production by 300.000 b d from October 2016.

US president says convinced Salman to raise output by as much as 2 million bpd.

The World Heavy Oil Congress &. Exhibition is a collaboration hub that the global heavy oil community can return to every year.

The Russian oil production stood at 11.054 million barrels per day (bpd) on June 1-26.