Tag Archives: Production

Saudi Aramco plans to boost its gas production to 23 billion standard cubic feet (scf) a day from 14 billion scf now.

OPEC and other major producers are considering coordinated output restrictions to stem a further drop in prices.

Oil production had declined by 150 thousand barrels per day.

China has seen an explosive growth of natural gas consumption over the years.

Crude reserves increased 6.4 billion barrels. or 19.5 percent. to 39.2 billion barrels at year-end 2017.

Mutual confidence between the government and private sector is the only way to circumvent sanctions.

The biggest boost to Saudi exports to China comes from contracts inked with new refineries starting up this year and next.

Russia is the key non-OPEC partner in the production cut deal with OPEC.

1.2 million to 1.5 million electric cars will be added this year to the 3.5 million on the road as of end-2017.

Saudi Arabia has been pushing for an OPEC cut. indicating it may reduce supply by 500.000 bpd.