Wednesday, 21st October 2020
Russia’s state-run oil company, Lukoil PJSC, is looking to set up new oilfield projects in Iraq despite OPEC+ production cuts and a slump in oil demand.
Tuesday, 20th October 2020
Saudi Arabia’s crude exports and total products have risen over two consecutive months from its historical low in June by 1.49 million barrels per day (mmbbl/d) to 6.99 mmbbl/d in August.
Thursday, 15th October 2020
Russian Energy Minister Alexander Novak announced on 14 October that the OPEC+ group of leading oil producers will start easing output curbs as planned despite a global spike in coronavirus cases.
Wednesday, 7th October 2020
The United Arab Emirates (UAE) has reaffirmed its commitment to the Organization of Petroleum Countries and its allies (OPEC+) output deal despite rising domestic needs.
Sunday, 4th October 2020
Russian oil and gas condensate production has edged to 9.93 mmbbl/d in September, slightly exceeding its Organization of Petroleum Exporting Countries’ (OPEC) quota.
Thursday, 1st October 2020
The Organization of the Petroleum Exporting Countries (OPEC) has seen output rise for the third consecutive month after the resumption of Libyan oil production and higher Iranian export levels.
Tuesday, 15th September 2020
The Organization of Petroleum Exporting Countries (OPEC) has further reduced its forecast for global oil demand amid the weaker-than-expected recovery in India and other Asian countries.
Tuesday, 8th September 2020
Net oil and gas importer, Jordan, is set to resume crude imports from its Middle Eastern neighbor, Iraq, later on in September after shipments were suspended due to the pandemic.
Sunday, 6th September 2020
Russia’s Energy Minister, Alexander Novak, has predicted that global oil demand could fall by 9-10 million barrels per day (mmbbl/d) this year due to the impact of the COVID-19 pandemic.
Wednesday, 2nd September 2020
Iraq, the Organization of the Petroleum Exporting Countries’ fourth-largest producer of oil, is seeking a pardoning from the existing OPEC+ deal in Q1 of 2021 but insists it will adhere to cuts over the next 3 months.