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Production has plummeted by about 850.000 barrels per day (bpd) from little more than one million bpd.
Read More »Libyan NOC Requests Sanctions over Push to Sell Oil from East
Brazil`s Petrobras Seeks Partner to Revive Older Oil Wells
A deal would represent a novel way for the debt-laden oil company to boost output from mature fields without losing control or risking capital.
Read More »Saudi Arabia Pumped 10.488 Million bpd of Oil in June
The total amount of oil Saudi Arabia supplied to the market in June was around 10.579 million bpd.
Read More »Iran Says Trump`s Tweets have Added $10 to Oil Prices
Trump was trying to intensify tensions between Iran and Saudi Arabia.
Read More »Oil prices Rise as U.S. Supply Tightens. Iran Sanctions Loom
Iran has warned it would not accept other producers reaping the benefits by taking its market share.
Read More »U.S. Sour Crude Sellers Cut Prices after China Tariff. OPEC Output Increase
South Korea’s second largest refiner GS Caltex has bought 4 million barrels of Mars crude in recent months. the sources said.
Read More »Oil Falls Amid Rising Saudi Output. Asian Economic Slowdown
Trump warned close U.S. allies in an interview that aired on Sunday with a threat to sanction European companies that do business with Iran.
Read More »Trump Warns European Companies against Iran Ties
Rising gasoline prices could create a political headache for Trump ahead of the November elections.
Read More »Iraq. Turkey and KRG Talk over Resuming Kirkuk Oil Exports
Iraq’s oil minister said last month Iraq and Iran had not yet begun exchanging crude oil. for technical reasons.
Read More »Asia`s Oil Imports Slow as Economic Growth Pauses
U.S. President Donald Trump has introduced numerous tariffs on imports.
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