Tag Archives: Production

OPEC has been under fire by the US for not pumping more to bring down oil prices.

ExxonMobil is active worldwide in the development. production. and sale of crude oil and natural gas.

Egypt announced earlier in the week it has stopped importing liquefied gas.

Iran accused Saudi Arabia and Russia on Wednesday of breaking OPEC’s agreement on output cuts by producing more crude.

The U.A.E. is committed to abiding by the sanctions and will look for condensate supplies from countries other than Iran.

Donald Trump recently accused OPEC of ``ripping off`` the world.

The move marks a reversal for these companies - which did not join the Oil and Gas Climate Initiatives (OGCI) when it was set up in 2014.

U.S. sanctions on Iran’s petroleum sector are set to take effect next month.

Oil producers have added a total of about 1 million bpd output in ``recent weeks and months``.

Brent has risen by more than 20 percent from its most recent lows in August.