Tag Archives: Production

Russian-Saudi-OPEC collusion reduced the slack in oil markets. and led to lower stockpiling of crude oil and petroleum products in 2017.

The new method can also react to visible light unlike existing photosynthesis. overcoming the limitation of hydrogen production.

Both firms were roped in by the Iraqi government to help reduce gas flaring. which the oil ministry hopes to snuff out by 2021.

ADNOC has a target to have production capacity of 3.5 million bpd by the end of this year.

Saudi Arabia has been raising its production faster than many expected.

Russia has increased its oil production by 400.000 barrels per day.

Production from the nation’s major shale plays is expected to rise by almost 100.000 bpd month-on-month in November.

Top exporter Saudi Arabia pumped most of the extra oil. raising output by 524.000 bpd in September compared to May.

Producers’ unwillingness to raise spending despite higher oil prices also is taking a toll.

Global oil supplies had already become tight even before the decisions to cut production and embargo the United States.