The last time Moscow surpassed Riyadh in crude production was in December 2016 when Russia extracted 10.49 million against 10.465 by Saudi Arabia.
Read More »China`s Oil Demand Is Growing at More Than Double Last Year`s Pace
China may indeed join the ranks of countries banning fossil fuel vehicles.
Read More »IEA Sees Risk of Volatile Oil Prices on Weak Upstream Investment
There are still not enough signs of investment beginning to return. and that raises the risk of tightening of the market in the next five years and a risk to the stability of oil prices.
Read More »Azar Oilfield Output Hits 4 Million Barrels
Azar holds 2.5 billion barrels of crude oil and is one of the joint fields with Iraq.
Read More »South Pars Oil Talks with Maersk Underway
NIOC plans to employ enhanced oil recovery methods to boost the extraction rate in fields by 35%.
Read More »Increase of Iran’s Oil Exports to Europe. China
Iran has been producing around 3.8 million bpd of oil in recent months.
Read More »Iran to Raise Oil Production to 4.5 Million bpd Within Five Years
Oil exports are expected to reach up to 2.5 million bpd within five years.
Read More »Azerbaijan. BP Extend Deal for Caspian Oil Field Until 2050
In the first half of 2017. the ACG field production averaged 585000 bpd from the six platforms.
Read More »OPEC. Non-OPEC Unlikely to Increase Size of Output Cut
The cut deal is very likely to be extended through to mid-2018 and even maybe end-2018.
Read More »Iran Says OPEC Compliance with Output Pact Increasing
Under the agreement OPEC is curbing its collective oil production by about 1.2 million bpd.
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