Tag Archives: Production

Libya’s national oil production fell to 527.000 barrels per day from a high of 1.28 million bpd in February following recent oil port closures.

Dana Gas’ net share of production in the KRI averaged 26.100 boepd of production during the first half of 2018.

U.S. crude exports have surged since the nation lifted all restrictions on overseas shipments in late 2015.

According to IEA. Saudi Arabia will use its spare capacity which is predicted by as much as 2 million barrels per day.

Washington has warned other countries to end business in Iran and stop buying its oil from early November or face punitive measures.

The country’s 57 petrochemical complexes produced over 13.2 million tons between March 21 and June 21.

OPEC and Russia and other producers last month agreed to add 1 million barrels to the market.

Trump’s order to OPEC members to increase production destabilizes the market.

Production has plummeted by about 850.000 barrels per day (bpd) from little more than one million bpd.

The oil and gas rig count now stands at 1.052—up 100 from this time last year.