Tag Archives: Oil Production

Russian output hit 11.1 million bpd in early June.

Besides the aforementioned oil firms. Schlumberger has also signed an agreement to survey ‎the oilfield.

Russia is the largest non-OPEC contributor to the production cut agreement. now in its second year.

Surging oil demand. particularly in the case of China. is likely to surprise the market to the upside.

The total proven crude oil reserves in member countries decreased by 0.3 per cent to 1.214 billion at the end of 2017.

Saudi Arabia and some other Persian Gulf producers recently favored the idea of increasing overall output by 300.000 to 400.000 barrels a day.

Kuwait is planning a new heavy crude grade later this year. with a gravity of 16 API and 4.9% sulfur content.

Iran criticized the Trump administration’s unofficial request to ramp up oil production to offset the shortfall of Iranian crude exports.

Some new members-elect of Iraq’s parliament think that Iraq should be able to export as much crude oil as it wants.

The U.S. request was discussed at the meeting of the relevant ministers of Saudi Arabia. the United Arab Emirates. Kuwait and Oman in Kuwait this Saturday.