OPEC Oil Production Drops to Lowest Levels Since May
Oil production of the Organization of the Petroleum Exporting Countries (OPEC) dropped in November 2017, by 300,000 barrels per day (b/d) to reach its lowest output since May 2017.
News / International
Technip Consortium Wins Bahraini Refinery Expansion Contract
Bahrain Petroleum Company (BAPCO) has awarded a contract to a consortium of Spain's Tecnicas Reunidas, Samsung Engineering and led by TechnipFMC.
Saipem Awarded New Contract in Saudi Arabia
Saudi Aramco has awarded Saipem a new contract to conduct Engineering, Procurement, Construction (EPC) work in Saudi Arabia.
Iraq to Increase Production from Rumaila
Iraq aims to increase production at the Rumaila oilfield by 50,000 barrels per day (b/d) in 2018.
Omani Oil Exports Slide 8.7%
Crude exports from Oman slid 8.7% to 245.19 million barrels this year through October.
El Falih: Gulf Should Increase Petrochemical Production
Gulf oil producers should follow the US lead and convert a greater share of their crude to chemical products, according to the Saudi Oil Minister, Khalid El Falih.
Production-Cut Exemptions to be Discussed at OPEC Meeting
Libya and Nigeria’s exemptions from the production-cut agreement could be questioned at tomorrow’s meeting between OPEC and some non-OPEC oil producers.
Saudi Arabian Exports to China Rise
Saudi Arabia’s cru.de exports to China rose in October even as the Asian giant reduced oil imports
Oil Producers Considering Modified 9-Month Extension of Cuts
OPEC and its oil-producing allies are considering a modification of the proposed nine-month extension of the production-cut agreement.
OPEC: Â OECD Oil Inventories Continue to Drop
OECD commercial oil inventories fell to 140 million barrels over their five-year average in October.
