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Libya has lost 450.000 barrels per day (bpd) of oil production due to clashes at the oil terminals of Es Sider and Ras Lanuf.
Read More »Libya has Lost 450.000 bpd of Oil due to Clashes
Iran will Reject Saudi-Russia Proposal to Increase Oil Production
OPEC members and independent producers will meet in the Austrian capital. Vienna. on 22 June to discuss a future production policy.
Read More »Russia and Saudi Arabia will Ask OPEC output Rise of 1.5 Million bpd
An oil production shortfall in Iran and Venezuela has changed the scenario for the two countries and members of the oil cartel.
Read More »Nigeria’s Crude. Second Highest Valued in 2017 Reference Basket
An average of 692.600bd of the country’s crude oil went to Europe in 2017.
Read More »Russia will Develop Two Joint Fields between Iran.Iraq
Iran is negotiating with Russia’s Gazprom Company for the development of Azar and Changooleh oilfields shared between Iran and Iraq.
Read More »Saudi Arabia Holds all the Cards despite Iran Threatening to Block oil output
Tehran says it has Iraqi and Venezuelan support to veto any proposal for more output.
Read More »Oil Fell on China Tariffs. Expected OPEC Supply Rise
China retaliated by slapping duties on American export products. including crude oil.
Read More »Venezuela Oil Production Dramatic Decline
IEA forecasts that Venezuela’s oil production could drop to Just 800.000 bpd or even lower next year.
Read More »Outcomes of the OPEC Meeting
OPEC operates on consensus. and the production limits have always depended on voluntary compliance.
Read More »The Agreement will not Indicate Particular Volumes
On June 22-23. OPEC + participants will meet in Vienna to discuss options for further implementation of the transaction.
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