Tag Archives: Production

The country’s refining capacity is currently at more than 700.000 barrels a day.

The topics of the meeting. first of all. include cooperation in the field of energy.

With US rig activity stalling and Iran sanctions looming. the oil market outlook is tightening.

OPEC. Russia and other non-members agreed in June to return to 100 per cent compliance with oil output cuts that began in January 2017.

Russia'.s Yamal LNG plant has offered cargoes for winter delivery to Asia.

American oil production remained at its highest level ever at 11 million barrels per day.

The trade disputes among some of the leading partners in the world will eventually hurt global economic growth.

Total signed a contract in 2017 to develop phase 11 of the field with an initial investment of $1 billion.

The oil and gas rig count is now 104 up from this time last year.

Analysts had expected that Iran would not agree to any specific production boost.