crude oil production
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Saudi Arabia to Reduce Oil Production Worth 1% of Daily Global Supply
Tuesday, 12th May 2020
A Saudi Ministry of Energy Official stated that Saudi Aramco will reduce its crude oil production in June by a voluntary amount of 1 million barrels of oil per day (mmbbl/d) or 1% of daily global oil supply.
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WEPCO’s Production Reaches 3,500 bbl/d
Tuesday, 14th April 2020
Western Desert Operating Petroleum Company’s (WEPCO) production has reached 3,500 barrels per day (bbl/d) after streamlining well Badr 4-6.
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Iraq’s Oil Revenues Increase to $5 Billion
Tuesday, 3rd March 2020
Iraq's oil revenues surpassed $5 billion in February through exporting more than 98 million barrels of crude oil (mmbbl).
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Jordan Receives 290,000 bbl From Iraq
Tuesday, 3rd March 2020
Hala Zawati, Jordan’s Minister of Energy that in February 2020 they received approximately 290,000 barrels of crude oil at a rate of 10,000 barrels per day (bbl/d) from the Jordan Petroleum Refinery Company.
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Khalda’s Investments to Reach $792 MM in FY 2020/21
Sunday, 23rd February 2020
Khalda Petroleum Company's (Apache) investments are expected to reach $792 million during Fiscal Year (FY) 2020/21.
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El Molla Reviews Qarun Budget for FY 2019/20 -2020/21
Thursday, 20th February 2020
The Minister of Petroleum and Mineral Resources, Tarek El Molla, headed the general assembly meeting of Qarun Petroleum Company to review the adjusted budget for Fiscal Year (FY) 2019/20, and the planning budget for FY 2020/21.
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Libya’s Production Drops to 284,153 BBL/D
Monday, 27th January 2020
Libya’s National Oil Company (NOC) declared that the country's oil production has dropped significantly in the week to January 24, 2020. The country's oil production reached 284,153 barrels per day of crude oil (bbl/d).
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Iraq to Increase Crude Oil Production
Thursday, 16th January 2020
Iraq plans to increase crude oil production capacity in the next two decades, according to Thamer Al-Ghadhban, Iraq’s Oil Minister.
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Abu Dhabi’s Crude Oil Production Grows by 1.4% in 2018
Monday, 21st October 2019
Abu Dhabi’s crude oil production registered around 1.097 billion barrels in 2018, which is an increase of 1.4% compared to 1.081 billion barrels in 2017, according to statistics issued by Abu Dhabi’s Statistics Center.
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Egypt’s Crude Oil Production to Increase 50,000 b/d YOY
Thursday, 22nd August 2019
Crude oil production is targeted to reach approximately 710,000 barrels per day (b/d) by June 2020, up from 650,000 - 660,000 in H1 2019.
Latest News
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El Molla Showcases Ramallah Visit Results Before Cabinet
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Wintershall Dea Records High production level of 650,000 boe/d in Q4 2020
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Hungary Considers Importing Natural Gas from Egypt
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Egypt, Palestine to Develop Gaza Gas Field
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 63.71 | +0.78% |
Crude Oil (Brent) Brent | USD/bbl | 67.62 | +0.87% |
NYMEX Natural Gas | USD/MMBtu | 2.85 | -0.87% |
OPEC Basket Price | USD/bbl | 63.73 | +2.79% |
Last Modified February 25, 2021