The word out of Washington is that the United States is no longer looking at sanctioning Venezuela’s oil industry.
Read More »Iraq`s July Crude Oil Production Hits New 13-Month High
Iraq has no option to export Kirkuk crude from the north of the country due to a political dispute with KRG.
Read More »Russia`s Oil Production Growth at Risk by U.S. Sanctions
Russia exports up to 500.000 b d of oil. products to the U.S.
Read More »EIA Lowers U.S. Crude Production Outlook for 2019
EIA expects 2018 output at 10.7 million barrels per day. fractionally down from 10.79 million barrels projected last month.
Read More »Venezuela’s Oil Production to Improve
Oil prices have recovered and the country’s economic collapse has left it unable to capitalize.
Read More »Saudi Arabian Crude Imports to Canada Easy to Replace
Eastern Canadian refineries import about 75.000 to 80.000 barrels per day of Saudi Arabian crude.
Read More »Iran Accuses OPEC Non-OPEC Committee of Trying to Redistribute Crude Oil Output Quotas
Russia produced 11.22 million b d in July. basically erasing its 300.000 b d pledged cut.
Read More »Turkey will Continue Buying Gas from Iran
Nearly 40 percent of Turkey’s electricity production is sourced with natural gas.
Read More »Luaibi: Oil Prices Approaching Stability
Iraq'.s refining capacity now stood at around 670.000 barrels per day.
Read More »Rosneft Approves £1.5bn Share Buyback Plan
The firm will appoint an ``independent agent`` to execute the buyback.
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