Tag Archives: Platts

Saudi'.s Falih suggested negotiations will take place between countries with spare capacity to increase production and those unable to do so.

Falih said any raising of output would be measured.

IEA forecasts that Venezuela’s oil production could drop to Just 800.000 bpd or even lower next year.

All crude oil imports into China are currently exempt from tariffs.

Russia has received significant additional earnings from a 40% increase in oil prices over the course of the production cut deal.

Qatar aims to have boosted its LNG export capacity from the current 77 million tons to 100 million tons annually.

Crude oil production in Venezuela is practically falling at an average of 10% every quarter and has been since mid-2017.

Power generation from natural gas is estimated at 34% in 2018 and 34.1% in 2019. up from 30.1% in 2017.

Venezuela and Iran have appealed to OPEC to maintain unity.

Russia'.s largest crude producer Rosneft was also in a position to be able to add 100.000 b d to production in a few days.