Tag Archives: World Oil

Fast-rising production from non-OPEC counties. led by the US. is likely to outweigh demand according to the IEA document.

CNOOC expects to drill 132 wells this year. up from 126 wells drilled in 2017.

Iraq shipped a record 3.55 MMbopd from Basra. the country’s southern outlet to the Persian Gulf. in January.

SOMO is expected to announce its March official selling prices for Asia. Europe and U.S.-bound supplies around the 10th of February.

With crude inventories down. Goldberg expects Brent to climb about 15% from current levels of $68.50 bbl to about $80 bbl.

The kingdom will decide where the stock will be traded. not the company.

Russian-produced equipment was used in well construction. retooled in line with the specific geological conditions of Novoportovskoye field.

Russian-produced equipment was used in well construction. retooled in line with the specific geological conditions of Novoportovskoye field.

U.S. domestic demand climbed to a record last week as snow and winds bombarded Americans on the East Coast.

OPEC and its partners are seeking to bring the amount of oil in storage worldwide down to its five-year moving average.