Tag Archives: World Oil

The OPEC+ alliance agreed earlier this month to remove 1.2 MMbpd from the market in the first quarter of 2019 to revive prices.

For Exxon. the Permian is still small when placed in the context of its global reach.

Eni has made offshore discoveries from the Americas to Africa and the Mediterranean.

China’s gas needs peak for its winter heating season.

As oil prices have headed south. Saudi Arabia said it would cut exports by 500.000 bopd next month.

OPEC and its allies are considering cutting oil output in 2019 as the group is increasingly concerned about the potential for oversupply.

The Kirkuk area in northern Iraq produces about 230.000 bpd for local refining.

Production from the nation’s major shale plays is expected to rise by almost 100.000 bpd month-on-month in November.

The IEA cut its estimate for global oil-demand growth for both 2018 and 2019.

Shell said in 2014 that the project could cost as much as C$40 billion ($31 billion).