Tag Archives: Production

Iran is likely to award up to five oil exploration and production contracts to local firms.

Around 300.000 bpd of crude oil previously pumped and exported in the Kirkuk province to the Turkish port of Ceyhan.

OPEC and its allies meet in June to decide whether to continue withholding supply.

Novatek became Russia’s top LNG producer after starting up its plant in the Yamal peninsula almost two years ago.

Several geopolitical factors in the coming months could lead to higher oil prices than the current $71 a barrel Brent.

US shale drillers have run into a series of problems that have resulted in increased scrutiny on their operations.

Oil supplies from OPEC slid to their lowest level in four years in March.

U.S. sanctions have removed 800.000 bpd of heavy crude from the global market.

In 2018 OPEC+ decided to increase output at its mid-year meeting. only to return to production cuts in 2019.

Aramco fully owns three refineries in Saudi Arabia and the Motiva Enterprises LLC plant in the U.S.