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Russia’s publicly traded oil producers. both state-led and non-state. have voluntarily reduced output in order to support prices.
Read More »Russia Likely to Back Extension of OPEC Deal as Prices Stabilize
Pressure for Nigeria to Join OPEC Cuts to Rise as Oil Output Reaches Full Capacity
Nigeria'.s oil production. including crude oil and condensates. is currently at around 2.2 million to 2.3 million b d.
Read More »Iraq Surpasses Its Plan to Reduce Oil Output Under Production Cut Deal
Iraq thus has fulfilled its obligations to reduce production by more than 100%.
Read More »US Wants to Prevent Flow of Iranian Oil on Market
The US is trying to prevent a flux of Iranian oil on the market.
Read More »Russia and Saudi Arabia Plan to Extend Outputs Cuts Through June
Saudi Oil Minister Khalid al-Falih and his Russian counterpart Alexander Novak met to discuss the potential extension last month in St. Petersburg.
Read More »Iran`s New Oil. Gas Contracts with Foreign States Prove Failure of US Policy
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.
Read More »China Looks Beyond the Middle East for Its Crude Oil Fix
The Middle East accounted for just under half of China’s crude oil imports in 2016.
Read More »UAE Pledges to Cut Oil Output by 10%
Decision by ADNOC is attempt to meet the country'.s latest OPEC commitments.
Read More »Iran`s Oil Exports Over 2.6m bpd Last Month
The optimal production means a production with the maximum recovery rate. that can boost the country'.s economic. security and political power.
Read More »Oman. Largest Non-OPEC Producer in Mideast
The greatest growth potential for Oman’s natural gas production is in the Khazzan-Makarem field in BP’s Block 61.
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