Iran hopes to hit 4 million b/d crude oil output in two weeks: NIOC
Iran hopes to raise its crude oil production to around 4 million b/d in the next two weeks, up from the current level of 3.89 million b/d, a senior National Continue Reading
OPEC Reversal Is Gift to Oil Majors After 2 Years of ‘Hell’
Group surprised market last month with plan to cut production Big Oil must invest to avoid supply crisis, Dogma Capital says When the bosses of the world’s biggest oil companies Continue Reading
Why Algeria Will Be A Key Part Of Any OPEC Deal
Barkindo Rouhani At the 23rd World Energy Congress in Istanbul last week, talks regarding the OPEC crude oil production freeze took a surprising turn. Energy Minister Noureddine Boutarfa from Algeria Continue Reading
Low Oil Prices, Security Issues Deal Death Blow To Kuwaiti Parliament
Emir Kuwait Kuwait’s emir Sheikh Sabah al-Ahmad al-Sabah ordered the dissolution of Parliament over the weekend, citing security concerns and “the circumstances in the region”, which includes the oil price Continue Reading
Libyan Oil Production Exceeds 550,000 Bpd
Libya oil Libya’s oil production has reached 551,000 barrels per day, according to National Oil Corporation chairman Mustafa Suna’a-Allah—a figure that brings Libya closer to its target of 900,000 barrels Continue Reading
Saudi Bank Stress Builds as Kingdom’s Cash Injection Falls Short
Interbank lending rates extend advance as liquidity tightens Central bank pledge of $5.3 billion failed to ease crunch Saudi Arabia has work to do to ease pressure in the kingdom’s Continue Reading
Infant Mortality Soars in Venezuela
Emileidy Ojeda breastfeeding her four-month-old son David in July in San Francisco de Yare, Venezuela. CUMANÁ, Venezuela—Medical staff at the University Hospital in this eastern Venezuelan city delivered two premature Continue Reading
Venezuela Extends Bond Swap Deadline for Third Time to Oct. 21
Swap offer applies to as much as $5.325 billion of 2017 debt Deadline for investors to accept exchange was Monday Petroleos de Venezuela SA, the state oil company seeking to Continue Reading
Russia’s Mega India Oil Deal Takes Turf War to Mideast Backyard
Rosneft may use Venezuelan crude at Essar’s Vadinar refinery India forecast by IEA as world’s fastest growing oil consumer A $13 billion deal involving Russia in India threatens to weaken Continue Reading
Drilling Productivity Report
New-well oil production per rig barrels/day New-well gas production per rig thousand cubic feet/day Region October 2016 November 2016 change October 2016 November 2016 change Bakken 900 923 23 1,247 Continue Reading