Tag Archives: Production

At the last OPEC meeting in Vienna. the agreement was extended again until the end of 2018.

Russia’s output increase comes just days before it meets in Algeria with other members of the group known as OPEC+.

Two OPEC members are looking to damage the group and undertake policies against Tehran for the US.

The tariffs undermine Trump'.s drive to use US shale oil and natural gas to turn the US into a global energy leader.

Stocks of propylene for non-fuel use fell by 1.02 million barrels to 1.787 million barrels for the week ending September 14.

Iraq had oil reserves of 153 billion barrels as of last year.

Russia has already reversed most of its own production cuts as part of the deal.

Venezuela. which pumped 1.22 million b d in August. could see output fall to 1 million b d in 2019.

Sixteen countries have been invited to the meeting of the ministerial monitoring committee of OPEC +.

Saudi Arabia and Russia led OPEC and allied producers in agreeing to cap output starting in January 2017 to curb a glut.