Tag Archives: Oil Production

Kirkuk crude sales have been halted since Iraqi forces took back control of the oil fields from the Kurds last October.

Over the next five years. Wood Mac expects U.S. shale producers to add some 4 million bpd to their daily production.

China is poised to become the top importer while the US leads output.

Influence on global oil markets is also expected to rise. with U.S. oil exports more than doubling.

Oil prices are responding to the tightening of supply due to the Libyan production halt.

Both China and Russia have extended massive credits to Caracas.

U.S. shale production is going to continue growing strongly.

The study predicted that Middle East oil production would reach 37 million barrels per day (bpd) by 2040.

Last year. Saudi Arabia pledged billions of dollars of investments in projects in Indonesia and Malaysia.

Kashagan is expected to contribute in oil production growth this year.