Tag Archives: Organization of the Petroleum Exporting Countries (OPEC)

In July. the US Senate approved a bill on new non-nuclear sanctions against Iranian individuals and entities over the country'.s missile program and alleged human rights violations.

The Middle East accounted for just under half of China’s crude oil imports in 2016.

Decision by ADNOC is attempt to meet the country'.s latest OPEC commitments.

The optimal production means a production with the maximum recovery rate. that can boost the country'.s economic. security and political power.

The greatest growth potential for Oman’s natural gas production is in the Khazzan-Makarem field in BP’s Block 61.

During his meeting with Russian counterpart Alexander Novak. the Venezuelan oil minister will discuss the implementation of the OPEC+ global oil output cut deal.

The price for October futures of West Texas Intermediate (WTI) dropped by 0.98 percent and stood at $47.40 per barrel.

Sharara. which was producing around 280.000 barrels per day. had been shut a week ago.

The rig count now stands at 940 overall. with four oil rigs and two natural gas rigs removed.

Iraq may change the benchmark but keep timing for lifting oil at a one-month gap.