Russia currently expects its oil production to stay at these high levels in the next five months.
Read More »Oil Industry`s Supply Crunch Looks Inevitable
U.S. shale production is expected to slow over the next year.
Read More »Saudi Arabia Decrease Oil Pricing To Attract New Buyers
The cut in Arab Light prices for September was the second consecutive monthly reduction of the OSP to Asia.
Read More »Saudi Arabia would Resume Oil Exports through Red Sea Lane
Saudi Arabia halted temporarily oil shipments through the lane on July 26 after attacks on two big oil tankers.
Read More »OPEC Production Rise as Saudi Arabia Pumps more Oil
The Saudi policy appears to be helping cool prices in the way sought by President Trump.
Read More »China Refuse U.S. Ask to Cut Iran Oil Imports
The oil market has been speculating about how much of Iran’s exports could be eroded by the U.S. sanctions.
Read More »Russian Oil Production Up 150.000 bpd in July
Russia has used stocks held in tanks at its oilfields to boost production.
Read More »Saudi`s July Oil Output at Around 10.290 mln bpd
Saudi Arabia pumped 10.488 million bpd of crude oil in June. an increase of 458.000 bpd from the production figure it submitted for May.
Read More »Saudis Can’t Replace Iran Oil
Saudi Arabia’s stated spare capacity is actually lower than its actual spare capacity.
Read More »Oil Prices Fall after EIA Confirms Crude Inventory Build
At 408.7 million barrels. the EIA said. crude oil inventories were below the five-year seasonal average.
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