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Libya’s largest oil field was halted after members of the Petroleum Facilities Guard shut down pumps leading to tanks.
Read More »Oil Extends Gain on OPEC`s Output Pact
Australia Overtakes Qatar as Biggest LNG Exporter in November
The surge in Australian exports follows the start up of a number of export projects in the country over the past three years.
Read More »Australia Overtakes Qatar as Biggest LNG Exporter in November
The surge in Australian exports follows the start up of a number of export projects in the country over the past three years.
Read More »Qatar’s Exit from OPEC Won`t Affect Production
Qatar has an oil output of 600.000 barrels of oil per day. compared to Saudi Arabia’s 11 million bpd output.
Read More »Iraqi Oil Min. Expects Prices to Rise over Time
The recent fall in Iraqi exports was not due to technical reasons.
Read More »Prices Surge as OPEC Reaches Agreement
The deal was announced after Novak held bilateral meetings with several counterparts.
Read More »Saudi Arabia Hopes Oil Cut Likely to Boost Market Stability
OPEC and its allies agreed to reduce oil production by 1.2 million barrels per day (bpd) for the first six months of 2019.
Read More »It would Take Months for Russia to Implement Oil Production Cuts
Energy Minister Alexander Novak said it would take Russia ``months`` to get down to its requested level.
Read More »Libya. Iran. Venezuela Secure OPEC Production Cut Exemptions
Libya has been given a pass due to its chronic production outages.
Read More »OPEC Countries Agree to Cut Production
The measure. which was spearheaded by Russia. will come into effect on January 1.
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