Iraq shipped a record 3.55 MMbopd from Basra. the country’s southern outlet to the Persian Gulf. in January.
Read More »Russian Oil Output Flat as Rosneft and Lukoil Declines Offset by PSAs
Natural gas production was at 65.35 billion cubic meters (bcm) last month. or 2.11 bcm a day. versus 63.5 bcm in December.
Read More »Oil Rises as OPEC Compliance Remains in Place
Goldman Sachs raised its three-month forecast for Brent to $75 from $62 and its six-month forecast to $82.50 from $75.
Read More »Iraq to Boost Majnoon Oilfield Output to 450.000 bpd in 3 Years
Chevron. Total and PetroChina may form a consortium later on to take over the development of the field.
Read More »Qatar is Paying the Price for Saudi`s Oil Strategy in Asia
Qatar is suffering from the repercussions of Saudi’s sales strategy.
Read More »Kuwait to Invest in $500B on Oil and Gas Projects by 2040
Around 90 percent of Kuwait'.s state revenues come from oil.
Read More »Iraq Loosens Oil Shackles for Premium Prices
SOMO is expected to announce its March official selling prices for Asia. Europe and U.S.-bound supplies around the 10th of February.
Read More »Kuwait Petroleum Mulls Spending up to $500bn by 2040
National oil firm outlines ambitious growth plans for the next two decades.
Read More »IEA: End of OPEC Production Cuts in June Would Be Surprise
The U.S. will add about 1 million barrels a day of new supply this year.
Read More »Eni`s Chief Doesn`t Think Oil Stay above $70
Growth in U.S. shale could average about 1 million barrels a day this year.
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