Tag Archives: Production

At the last OPEC meeting in Vienna. the agreement was again extended until the end of 2018.

Russia and Saudi Arabia intend to support investment in the oil and gas sector.

Russia and Saudi Arabia are set to open the football world cup. which kicks off in Russia on Thursday.

Russia has received significant additional earnings from a 40% increase in oil prices over the course of the production cut deal.

The 5-year average is close to balance because of OPEC-led efforts to drain the surplus.

Many nations have gone further than their pledged cuts.

Qatar aims to have boosted its LNG export capacity from the current 77 million tons to 100 million tons annually.

OPEC on Tuesday said that the oil market outlook in the second-half of 2018 is highly uncertain and warned of downside risks to demand.

Saudi Arabia has enjoyed diplomatic ties with the US for decades.

Crude oil production in Venezuela is practically falling at an average of 10% every quarter and has been since mid-2017.