Tag Archives: Production

Russia reduced its crude production by 300.000 b d from October 2016.

US president says convinced Salman to raise output by as much as 2 million bpd.

According to the Iranian Oil Ministry. Iran is currently exporting 2.5 million barrels of oil a day.

The European Union said it is going to oppose any attempt to sell or purchase Libyan oil outside the official channels managed by NOC.

The project is Masdar'.s second offshore wind partnership with Equinor.

US President Donald Trump sustained attempt to disrupt Iran’s oil exports would push crude prices above $90 per barrel.

Analysts warn that the market has little spare capacity to deal with further disruptions.

The Germans consider Norway (71%). Canada (52%) and Russia (49%) to be the most reliable energy partners.

State oil company Saudi Aramco is aiming to boost production next month to about 10.8 million barrels a day.

LNG is progressively taking a larger share in global gas trade. especially in Asia.