Tag Archives: Oil Production

Producers in the Middle East. most of which are OPEC members. have supplies that are relatively less expensive to produce.

International trading firms Petredec and Glencore lifted cargoes from Iranian ports in December.

The dilemma facing the NDRC is how to ensure sufficient natural gas without boosting prices too high to start causing economic pain to consumers.

US crude production set to touch 9.9m bpd this month. well above EIA forecasts.

U.S. shale oil producers could increase production if oil prices rise.

The Declaration of Corporation’ by Opec and non-Opec participating countries gave hope and stability to the market at a very critical time.

Oil crashed to its lowest levels in over a decade in February 2016 from a high of $115 a barrel three years ago.

The history of U.S and her partners in energy policy shows oil has been applying as a political weapon in many cases.

The U.S.-Asia route is at least twice as long as that from the Middle East to the main Asian trading hubs in China. Japan. South Korea. Taiwan and Singapore.

Rising U.S. production helped fuel a slump in prices.