Barclays Plc has warned that Iraq’s oil production is at risk for the upcoming winter when “loading problems” emerge and reduce output by 300,000 to 500,000 b/d
International oil companies (IOCs) working in Iraqi Kurdistan will now receive monthly payments beginning September for the crude they produce and export,
Iraq's oil exports have slipped so far in April to 2.92 million b/d, according to loading data and industry sources, although shipments from OPEC's second-largest producer remain close to a record high
A senior energy official said the National Iranian Oil Refining and Distribution Company (NIORDC) plans to start projects to build new oil exports facilities in the Southern Port of Jask, on the rims of the Oman Sea.
Iraq's oil exports rose in February to an average 2.597 million b/d from 2.535 million b/d in the previous month, the oil ministry said in a statement.
Libya has resumed oil exports from the eastern port of Zueitina after an almost year-long suspension and is also testing a pipeline to restart exports from Hariga port, officials said on Sunday.
The US crude export ban that was imposed in 1975 should be repealed 40 years later to ensure the US oil and gas renaissance continues, ConocoPhillips Chief Executive Officer Ryan Lance said.