Tag Archives: Oil Supply

Venezuela has seen the collapse of its oil industry slow during the second half of 2018.

OPEC oil supply fell in December by 460.000 barrels per day (bpd).

In recent months. the Saudis increased production by more than 1 million barrels per day.

Iran launched the sale of oil supply futures on the eve of the new US sanctions targeting the country’s oil and banking sectors.

Last month. Iraq’s oil exports dropped to their lowest level in seven months due to bad weather at its southern ports.

Iran will not take part in any cuts while there are U.S. sanctions on its oil.

Qatar has minimal spare capacity so its exit won'.t affect the volume of oil supply in the market.

Qatar has minimal spare capacity so its exit won'.t affect the volume of oil supply in the market.

A slowdown in oil demand growth is compounding the emerging oversupply.

The biggest boost to Saudi exports to China comes from contracts inked with new refineries starting up this year and next.