Tag Archives: Production

The major producers appear to have consumers’ interests in mind more than they have in the past.

Oil production at Kazakhstan'.s Kashagan field will not be increased in 2018 to 370.000 barrels per day.

Redistribution of quotas between countries to reduce oil production would become main issue at the meeting.

OPEC'.s decision will affect economic outlook in Nigeria if the price drops below $51 or if the country is unable to boost its oil production.

The loss of a single oil rig did not have much impact on the oil market today.

OPEC and its allies have since last year been participating in a pact to cut output by 1.8 million bpd.

Moscow and Seoul are discussing South Korea'.s participation in the Arctic LNG-2 project.

Iran. OPEC’s third-largest producer. was against the agreement at first since the country is facing export-crippling US sanctions.

The group started withholding supply in 2017 to prop up prices.

Earlier this year. Qatar agreed to increase its stake in Rosneft to almost 19 percent.