IRAQ -- Cumulative production at the West Qurna-2 field has reached 100 MMt of oil as part of successful implementation of Phase 1 of the project. With 184 wells drilled at the field, the average daily production rate is 400,000 bbl. To man......【More】
2019-04-24CAIRO (Bloomberg) -- As the U.S. ends waivers that let countries buy Iranian crude, this threatens to squeeze oil supplies in an already tight market. The decision may also jeopardize the deal that OPEC and allied suppliers including Russia......【More】
2019-04-23BEIJING (Xinhua) -- Overseas equity of oil and gas production of China National Petroleum Corporation (CNPC) rose 10% year over year in the first-quarter 2019. Production came in at 26.09 million metric tonnes of oil equivalent in first qua......【More】
2019-04-22LONDON (Bloomberg) -- Oil retreated in New York after its longest run of weekly gains in three years, as traders and investors awaited more clarity on the strength of the global economy and demand. West Texas Intermediate futures slid about......【More】
2019-04-16DUBAI (Bloomberg) -- As Iran struggles to sell 6 MMbbl of oil, only one deal has closed for 35,000 bbls, so far. Irans oil production and exports have slumped after the U.S. reinstated sanctions last year, and new curbs are set to further r......【More】
2019-04-15WASHINGTON (Bloomberg Opinion) -- Libya is heading towards mass chaos that puts oil output and exports at risk, just as its oil sector looked set to stage a recovery. A disruption to supplies from the North African country would hit Europea......【More】
2019-04-09AMMAN (Bloomberg) -- Jordan and the World bank are in $1-billion loan discussions to cut the cost of the Middle East countrys debt repayments and revive an economy strained by more than a million Syrian refugees. The governments moving on s......【More】
2019-04-08CALGARY (Bloomberg) -- Local wildcatters that pump light crude far from the giant oil-sands mines of northern Alberta are getting a big price boost from the curtailments announced at the start of December, without the headaches. Many of the......【More】
2019-04-03MOSCOW -- Lukoil has made changes in its leadership team. Sergey Kochkurov is appointed V.P. of PJSC Lukoil for technical services. He previously held the position of V.P. of PJSC Lukoil and general director of OOO Lukoil West-Siberia (whol......【More】
2019-04-02MEXICO CITY (Bloomberg) -- Bankers in Guayaberas huddled in Acapulco to roll out a new online payment system and to pledge financial inclusion. But all anyone could talk about in the corridors was the nations ailing oil company, Pemex, and......【More】
2019-03-25