OPEC 310,000 Barrels Per Day Above Production Cut Goal
The new January OPEC Monthly Oil Market Report is out with crude only production numbers for January 2017. All charts are in thousand barrels per day. (Click to enlarge) OPEC Continue Reading
Oil Producers Comply With OPEC Deal to Cut Output, but for How Long?
When OPEC and other major oil exporters agreed late last year to limit production as a way to bolster teetering prices, many saw it as a shaky deal by a Continue Reading
OPEC’s Top Producer Is Turning to Wind and Solar Power
The nation most identified with its massive oil reserves is turning to wind and solar to generate power at home and help extend the life of its crucial crude franchise. Continue Reading
Iraq to cut March Basra oil exports to lowest since August: program
Iraq, OPEC’s second-largest producer, plans to cut crude exports from its southern port of Basra to 3.013 million barrels per day (bpd) in March, the lowest since August, a loading Continue Reading
Iraq’s Oil Flow to Plunge as Maintenance Helps Meet OPEC Pledge
Saudi Arabia Cuts Oil Output by Most in 8 Years Iraq’s oil exports are poised to slump to a seven-month low in March as ongoing maintenance at some of its Continue Reading
Saudi Arabia Tells OPEC It Cut Oil Output by Most in 8 Years
No compatible source was found for this media. Tom Petrie Says Oil’s on Path to Successful Rebalancing Saudi Arabia told OPEC that it cut oil production by the most in Continue Reading
China’s oil demand growing, but at a slower pace
A metric used to gauge oil demand in China, the world’s second-largest economy, show steady gains but at a slower pace than before, S&P Global Platts said. Platts measured China’s Continue Reading
Iraq Reduces Exports From Basra Terminal
Iraq will reduce the amount of crude oil it exports via its largest port terminal in Basra to 3.013 million bpd next month, according to loading data seen by Reuters. Continue Reading
US labels Venezuelan vice-president a drug kingpin
The Trump administration has frozen millions of dollars in assets belonging to Tareck El Aissami, as it labelled Venezuela’s powerful vice-president an international drug trafficker. The US Treasury designated Mr Continue Reading
India’s Air Pollution Rivals China’s as World’s Deadliest
India’s rapidly worsening air pollution is causing about 1.1 million people to die prematurely each year and is now surpassing China’s as the deadliest in the world, a new study Continue Reading