Saudi, Russia Agree to Extend Oil Cuts
Saudi Arabia and Russia have agreed to extend the existing oil cuts by another month and intend to ramp up pressure on non-compliant oil producing nations.
News / International
Gazprom Signs Long-term Gas Supply Contract with Greece
Russian State-run Gazprom has signed a decade-long contract to supply Greece with natural gas running from 2020 to 2030.
ExxonMobil’s Steve Greenlee Retires After 38 Years of Service
Exxon Mobil’s President of ExxonMobil Upstream Business Development Company has decided to retire after loyally serving the company for 38 years.
Brazil’s Total Oil Production Decreases by 0.5% in April
Brazil’s oil production remained steady in April, only decreasing 0.5% in comparison to March’s output figures despite reduced global oil demand.
Iraq Promises to Further Reduce Oil Production
Iraq’s finance minister and acting oil minister, Ali Abdul Ameer Allawi, has announced that Iraq will further cut its oil output and reiterated that Iraq remains committed to the OPEC+ deal.
Qatar Petroleum Signs Largest LNG Ship Building Contract in History
State-run Qatar Petroleum (QP) entered into three agreements to reserve LNG ship construction capacity in the Republic of Korea for QP's future LNG carrier fleet requirements, reaching in excess of $19 billion.
US Natgas Flows of LNG Hits Nine-Month Low
The amount of natural gas flowing on pipelines to US liquefied natural gas export plants is at its lowest levels since August, with gas flow expected to fall to 4.3 billion cubic feet per day (bcf/d).
Iraqi Oil Exports Down to 3.44 mmbbl/d
Iraq’s total oil exports for April averaged 3.438 million barrels per day (mmbbl/d) and oil revenue more than halved to $1.42 billion.
Iran’s Shahid Rajaee Oil Exports Increase by 32.6%
Iran’s Shahid Rajaie Port has recorded a 32.6% increase in oil products exports since the beginning of the Iranian calendar year (March 20).
Russia’s Oil Production Nearing Compliance with OPEC+ Cuts
Russia’s oil production fell to between 8.59 - 8.69 million barrels per day (mmbbl/d) in May, nearing Moscow’s previous pledge of reducing production to 8.5 mmbbl/d.
