Tag Archives: Platts

The Qayara oil field was shut-in for years until last year. due to the war with Islamic State.

SPR releases are a short-term solution but they do buy some time for OPEC countries to bring additional spare-capacity on line.

Stocks of propylene for non-fuel use fell by 1.02 million barrels to 1.787 million barrels for the week ending September 14.

Crude prices were under pressure after the US announced a fresh round of tariffs on $200 billion worth of Chinese goods Monday.

In the Permian Basin. the US'. most active oil and gas producing area. the rig count fell by one to 483.

Venezuela. which pumped 1.22 million b d in August. could see output fall to 1 million b d in 2019.

OPEC'.s next regular meeting is December 3. with non-OPEC partners scheduled to join the talks December 4.

AMPTC is owned by members of the Organization of Arab Petroleum Exporting Countries.

PetroChina’s domestic crude oil production dropped by 1.3 percent in the first half of 2018.

Iraq’s exports from the south were set on a record pace in August.