Tag Archives: Oil Production

Russia’s parliament has approved the new profit-based tax on the oil industry on a first reading.

Saudi Arabia’s March production fell 47.000 barrels to 9.934 million barrels a day.

OPEC and its allies were poised to extend the pact into 2019 even as a global glut of crude was set to evaporate by September.

OPEC and its allies were poised to extend the pact into 2019 even as a global glut of crude was set to evaporate by September.

Indian oil imports will grow more and more driven by transportation. petrochemicals and other sectors.

The United States now produces more crude than top exporter Saudi Arabia.

Earlier this month. the Iraqi government approved a plan to increase crude oil production to 6.5 million barrels per day.

Lebanon and Israel have been contesting the rights to the 860 square kilometer triangular zone.

Moscow and Riyadh must first resolve those substantive issues before they can hammer out an oil deal that truly matters.

Iraq’s oil exports for February exceeded 95.940 million barrels.