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.
Read More »Iraq`s Oil Exports from Southern Ports Rise to 3.54 Million bpd in July
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.
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