Iraq exported 3.521 million bpd of crude oil in June.
Read More »Kuwait is Borrowing $1.1 bn for Shale Push
Kuwait has long planned to increase its global capacity to produce oil and gas.
Read More »India Loaded 12 Percent Less Iranian Oil in June than in May on Sanctions Fear
Iran is now offering to insure oil cargoes to India after some insurers stopped providing the service in the face of the impending sanctions.
Read More »Oil Prices Drop on Oversupply Concerns as OPEC Output Increased in July
OPEC hiked production by 70.000 barrels per day (bpd) to 32.64 million bpd. the most this year.
Read More »OPEC Oil Production Jump to a 2018 High in July
OPEC’s crude oil production rose by 70.000 bpd from June to stand at 32.64 million bpd in July.
Read More »Oil Set to Move Even Higher
Despite soft trading last week. technical analysis points to plenty of upside before the end of 2018.
Read More »Will India Give Up Iran’s Oil?
If India does not import crude from the US. the most likely fallout will be to buy from other OPEC countries.
Read More »Iranian Sanctions Influence Oil Prices
The loss of Iran could pull millions of barrels off the market at a time when spare capacity is at a premium.
Read More »Putin Invites Trump to Moscow for “Important“ Talk
Putin praised Trump for what he called ".his eagerness to meet all his promises he made to voters during his election campaign.".
Read More »Study Assesses OPEC’s Spare Capacity Value
The study is based on date only up to October 2014.
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