The UAE can raise production to 3.5 million barrels per day. only if needed.
Read More »Venezuela`s Oil Supply Collapse Tightens Global Market
Venezuela. plus Iran and Libya. were exempted from making voluntary curbs under the OPEC+ deal.
Read More »Libyan Civil War Threatens Oil Supply
The sudden risk to Libya’s oil supply comes at a time when the broader global oil market is tightening.
Read More »Oil Prices Hit Highest in 5 Months as Libya Fighting Tightens Supply
Libya is a significant supplier of oil to Europe. producing around 1.1 million barrels per day (bpd) of crude in March.
Read More »Gulf Firms Confront New Era of Low Oil Prices with Merger Wave
Surging oil prices over more than a decade helped many Gulf states expand aggressively at home and abroad.
Read More »Russia Signals OPEC & Allies could Raise Oil Output after June
The joint ministerial monitoring committee of OPEC+ is meeting in May.
Read More »Iraqi Oil Min. Calls for Enhanced Energy Cooperation with Iran
Iraq had a company like EIED which could establish ties with its Iranian opposite number.
Read More »Oil at 5-Month High amid OPEC-Led Supply Cuts
Sanctions can cut 500.000 bpd of Venezuelan exports.
Read More »Saudi Arabia to Ditch Dollar if Washington Passes NOPEC Bill
At the current price of USD 70 per barrel. the annual value of global oil output is USD 2.5 trillion.
Read More »Oil Prices Fall Amid Unexpected Increase in Crude Stocks
Positive signs in the Sino-U.S. trade front eased concerns over the potential negative impact on oil demand from the world’s two biggest oil importers.
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