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The biggest supply boost of 80.000 bpd came from Nigeria. Africa’s largest exporter.
Read More »OPEC Posts First 2019 Oil Output Rise despite Saudi Cuts
OPEC may Take Action to Stop Oil Price Slide below $60
Middle Eastern crude oil lifting fell sharply in July. with overall volumes down by more than 800.000 bpd.
Read More »Iran’s Daily Output of Petrochemicals to Hit 100 Million Tons by 2021
Iran’s Oil Minister said that Tehran is increasing its revenues from oil derivatives after the US imposed sanctions on the country’s crude exports. adding that Iran eyes to produce over 100 million tons of petrochemicals a day by 2021.
Read More »Iran Euro-4 Petrol Production at 76 ml d in March 2019
There was currently a supply glut in the global oil market which was caused by the US shale boom.
Read More »Iran. Largest Producer of Gasoline in Region. among OPEC Member States
The daily gasoline production volume of the country hit 110 million liters in June.
Read More »OPEC+ Boasts 159% Compliance with Oil Production Cuts
The Saudis have vowed to keep production well below 10 million bpd.
Read More »US-China Trade War has Negative Impact on Oil Markets
China had seen a rapid pace of growth in imports of US crude.
Read More »Half of Venezuela’s Oil Rigs may Disappear if US Waivers Ends
A shutdown in the rigs will put pressure on Nicolas Maduro’s administration.
Read More »OPEC`s Market Share Fall Down
OPEC and its allies have a deal to limit supply until March 2020.
Read More »U.S. Sanctions Drive Russia to Boost Oil Exports
U.S. sanctions are definitely changing production and price patterns in heavy crude and so is U.S. production.
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