Tag Archives: Oil Supply

North Korea sees its situation as quite similar to Imperial Japan'.s outlook in the early 1940s.

Sechin’s oil price forecast is basically in line with Russia’s economic estimates from earlier this year.

The cooperation of non-OPEC countries. in particular Russia. is good in the deal to reduce oil supply.

The project has faced repeated delays since it was conceived in the 1990s to connect Iran'.s South Pars gas field to Pakistan.

Iran plans to increase its nominal electricity generation capacity to 80.000 MW by summer 2018.

The IEA said it was closely monitoring the storm and would be ready to respond to major oil supply disruptions through its emergency response system.

OPEC crude oil production is expected to average 32.53 million barrels per day in 2017 and 32.96 million barrels per day in 2018.

OPEC’s biggest exporter and de facto leader. Saudi Arabia. has pledged to cut its total August exports to 6.6 million bpd.

Deeper cuts could help prices. but the question remains: how many of the parties to the deal could afford deeper production cuts?

South Korea imported 4.23 million tonnes of crude oil. or 999.680 bpd. from the world'.s top crude exporter in May.