Tag Archives: Persian Gulf Countries

Russia is looking to open new gas fields and selling to the international market.

Russia has three oil export terminals on its Arctic coast.

Under the current deal the producers are cutting supply by about 1.8 million barrels per day (bpd).

The region is seconds away from a full-blown catastrophe.

The UAE. which is a net importer of gas. has been looking to diversify its supplies to meet growing demand.

Saudi Arabia and Iraq are respectively the biggest and second biggest producers of OPEC.

This is the highest premium for the flagship Saudi grade since September 2014.

OPEC is expected to stick to its current policy of output cuts in the second half of 2018.

US crude production set to touch 9.9m bpd this month. well above EIA forecasts.

U.S. drillers added two oil rigs to reach 749 in the week ended Dec. 1. the highest level since late September. according to Baker Hughes.