Tag Archives: Sanctions

Novatek plans to boost LNG output to 56mn tonnes by 2030.

OPEC reportedly considered announcing a cut of 1.4 million bpd.

Oil prices have plunged by around 30 per cent since their last peaks in early October.

Thanks to shale. US oil production surged to a record level of 11.6 million barrels per day earlier this month.

The kingdom is considering slashing oil production by up to 1.4 million barrels per day (bpd) with OPEC members.

Relations between the Iraqi government and the KRG had been strained since September 2017.

OPEC and 10 non-OPEC partners. led by Russia. will meet December 6-7 to decide on output policy.

Iran is OPEC’s third-largest producer. providing more than 2 percent of global oil output.

China’s total crude oil imports in October hit a record-high.

The Russian parliamentarians already announced that Moscow will continue fulfilling its commitments with Syria.