Tag Archives: Production

U.S. drillers added two oil rigs to reach 749 in the week ended Dec. 1. the highest level since late September. according to Baker Hughes.

At $60. the Kingdom and some other Gulf countries (though not Oman and Bahrain) will probably run a current account surplus for 2018.

South Pars is estimated to contain over six billion barrels of crude oil with the recovery rate of 10 percent.

U.S. shale oil producers could increase production if oil prices rise.

The Declaration of Corporation’ by Opec and non-Opec participating countries gave hope and stability to the market at a very critical time.

Oil crashed to its lowest levels in over a decade in February 2016 from a high of $115 a barrel three years ago.

The history of U.S and her partners in energy policy shows oil has been applying as a political weapon in many cases.

The IEA estimates that the wave of energy digitalization could lower the cost of production by 10 to 20 percent.

The U.S.-Asia route is at least twice as long as that from the Middle East to the main Asian trading hubs in China. Japan. South Korea. Taiwan and Singapore.

Supplying QCLNG will help make the development more profitable. Shell said.