Obliterating ISIS May Hamper Iraqi Oil Production
Iraq says it cut output by 300,000 bpd in March, taking production down to an average of 4.464 million barrels per day (mb/d). That puts Iraq at about 98 percent Continue Reading
Iraq starts new oil contract review
The Oil Ministry plans to develop a new contract model for future projects and has contracted Iraqi-Norwegian consultant Farouk al-Kasim as it explores adjustments to existing TSCs. Lukoil Vice President Continue Reading
This Non-OPEC Member Just Called For An Extension Of The OPEC Deal
Non-OPEC Oman will continue to cap its crude oil output at 970,000 bpd this year if OPEC and non-OPEC countries were to extend the production cuts through the end of Continue Reading
OPEC’s Barkindo says ‘encouraged’ by Iraq’s progress towards cut compliance
OPEC Secretary General Mohammed Barkindo said he has emerged “encouraged” from a meeting over the weekend with Iraqi officials about the country’s compliance levels with the OPEC/non-OPEC production cuts agreed Continue Reading
Qatar restarts development of world’s biggest gas field
Saad Al Kaabi, chief executive of Qatar Petroleum, speaks to reporters in Doha, Qatar April 3, 2017. Qatar has lifted a self-imposed moratorium on development of the world’s biggest natural Continue Reading
Qatar to increase gas production by 10 percent
Natural gas production from a field in the Persian Gulf will increase by 10 percent to position Qatar as a stronger energy leader, a top executive said. Qatar Petroleum said Continue Reading
Boeing Agrees to First Plane Sale to Iran Under Trump
Boeing Co. has agreed to sell planes to an Iranian airline for the first time since U.S. President Donald Trump, a critic of closer ties with Tehran, took office. Boeing Continue Reading
Is An Iraqi Production Slowdown Inevitable?
A tremendous amount of digital, and real, ink has been spilled on the ongoing oil crash, much of it has been focused on U.S. shale production. Yet, the country that Continue Reading
Iraq has pledged to fully comply with oil cut deal, OPEC chief says
FILE PHOTO: Flames emerge from flare stacks at the oil fields in Basra, Iraq, January 17, 2017. Iraq has assured OPEC it will fully comply with an agreement to cut Continue Reading
A Squabble at Iraq’s Oldest Oil Field Could Rock Global Supplies
A territorial dispute in northern Iraq threatens to disrupt oil output at a field containing as much crude as Norway, even as U.S.-backed forces prepare what could be a decisive Continue Reading