Iran is also awaiting European guarantees on the sale of Iranian oil and banking relations.
Read More »US Oil Rig Count Rise
U.S. crude oil production in 2018 is expected to rise 1.31 million barrels per day.
Read More »Libyan and Iraqi Production Back Oil Output in 2018
The biggest increase in supplies this month has come from Libya. whose output remains volatile due to unrest.
Read More »India Outpaces China for Oil Import
Over the next seven year the government plans to build another 11 terminals which would raise India’s LNG import capacity.
Read More »OPEC+ Technical Committee will Discuss Output Quotas Distribution
Russia would maintain its oil production on the level of July within OPEC+ deal.
Read More »Oil Edges Up on looming Iran Sanctions. but Rising Global Supply Caps Market
Currently. non-OPEC supply outages are at a 15-month high of 730.000 barrels per day.
Read More »OPEC Non-OPEC Coalition Schedules Extra Meeting Ahead of Sep 23 Algiers Meeting
OPEC and its partners agreed in late June to raise output by 1 million b d.
Read More »Oil Markets Lower amid Mixed Price Signals
OPEC and its allies agreed in late 2016 to cut output from 2017 by around 1.8 million barrels per day (bpd) versus October 2016 levels.
Read More »Oil Stable as U.S.-China Trade Dispute Weighs
OPEC-member Iran has exported around 2.5 million barrels per day of crude oil so far this year.
Read More »Oil Producers Cut July Output by 9 Percent more than Agreed
The committee groups representatives are from Saudi Arabia. Russia. the United Arab Emirates. Kuwait. Algeria. Venezuela and Oman.
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