Tag Archives: Oil Production

Both OPEC and non-OPEC members are expected to continue the cuts into 2018 to help keep prices rallying.

In just one month. Iraq turned from cheater to complainer. after clashes in Kurdistan added some geopolitical risk premium to oil prices.

The reforms. however. must not affect daily oil production in any negative way.

Oil markets are on track to come into balance next year.

In the middle of last month. Iraqi government forces seized oil fields around Kirkuk. which had been under Kurdish control since 2014.

Many experts and officials are expecting the output cut agreement to be extended.

Iran opened its energy market to foreign investment following the lifting of international sanctions in January 2016.

Oil sales generate 96 percent of Venezuela'.s hard currency earnings.

Saudi Arabia and Russia have been the drivers of the production agreement.

The Halfaya oilfield was discovered in 1976 with 4.1 billion barrels in reserves and is situated in the southern part of Iraq .