As Saudi Arabia raised its production. the number of rigs drilling for oil in the US fell by 80%.
Read More »Kazakhstan may Increase Oil Production in 2019
According to OPEC+ deal Kazakhstan must lower oil production by 20 000 barrels per day to the level of November 2016.
Read More »Oil Stable after G20 Warns of Risks to Growth
U.S. energy companies last week cut the number of oil rigs by the most since March following recent declines in oil prices.
Read More »Tabriz Refinery Signs Tail Gas Agreement
The optimization plan will help Tabriz Refinery to meet its target of reducing hazardous air pollutants.
Read More »Russia Exerts Oil Stocks to Boost Crude Production
Lukoil. Russia'.s second-biggest oil producer. has increased output by 29.000 bpd.
Read More »Saudi Oil Exports to Decline by roughly 100.000bpd in August
OPEC agreed with Russia and other oil-producing allies last month to raise output from July.
Read More »Saudi Arabia`s Problem to Sell Extra Oil After Deal With US
Saudi Arabia and several other members of OPEC have increased exports sharply ahead of sanctions on Iran.
Read More »BMI Revised Forecasts for Saudi`s Economy
GDP growth forecast at 1.9 per cent in 2018 following Opec meeting in June.
Read More »Global Peak Oil Demand Expected in 2036
The global oil and gas industry has significantly increased the pace at which new projects are brought to peak production levels.
Read More »Meat and Dairy Companies to Surpass Oil Industry as World`s Biggest Polluters
A handful of nations are collectively responsible for 60 per cent of global meat and dairy emissions.
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