OPEC and its allies are considering cutting oil output in 2019 as the group is increasingly concerned about the potential for oversupply.
Read More »Iraq`s Kurds Upgrade Oil Export Pipeline
The Kirkuk area in northern Iraq produces about 230.000 bpd for local refining.
Read More »U.S. Shale Oil Output Rise
Production from the nation’s major shale plays is expected to rise by almost 100.000 bpd month-on-month in November.
Read More »IEA Cuts Oil Demand Forecasts. Expects Prices Staying High
The IEA cut its estimate for global oil-demand growth for both 2018 and 2019.
Read More »Shell`s LNG Canada Moves Ahead as Asian Partners Give Approval
Shell said in 2014 that the project could cost as much as C$40 billion ($31 billion).
Read More »Schlumberger Launches New Zonal Isolation Technology
The CemFIT Shield system improves zonal isolation in long horizontal wells to ensure efficient hydraulic fracturing.
Read More »Russian Oil Output Jump to a New Record before OPEC Talks
Russia’s output increase comes just days before it meets in Algeria with other members of the group known as OPEC+.
Read More »Iran-U.S. Clash over Nuclear Deal at IAEA Talks in Vienna
The International Energy Agency has warned of higher oil prices as Iranian supply losses deepen heading into November.
Read More »IEA warns of higher oil prices as Iran. Venezuela Supply losses
Saudi Arabia lifted output by 70.000 bpd to 10.42 MMbpd last month.
Read More »Saudi Aramco`s Crude Production in 2017 Fell from Annual Record
Saudi Aramco is moving steadily to build a world leading position in the downstream segment of the business.
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