Saturday 27 May 2017
 
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oil production

Opec raises forecast on 2017 global demand for oil

Opec has raised the forecast on growth of global demand for oil in 2017 by 10,000 barrels a day to 96.32 million barrels a day, the organization said in its monthly oil market report for April. According to the renewed forecast, i

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Is exploration and production about to be ‘uber-ized’?

Digital disruption is changing everything. Think about the taxi industry. Compare the old way to the new way, and consider the future, such as the move to autonomous vehicles. Accenture, a global management consulting and professi

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Oil market likely to slide into deficit in H1: IEA

If Opec maintains its current production levels to June when the Vienna output deal expires, there will be a market deficit of 0.5 million barrels per day (bpd) for the first half of 2017, assuming, of course, nothing changes elsewhere in supply

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Oil market likely to slide into deficit in H1: IEA

If Opec maintains its current production levels to June when the Vienna output deal expires, there will be a market deficit of 0.5 million barrels per day (bpd) for the first half of 2017, assuming, of course, nothing changes elsewhere in supply

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Iran's 9-month oil revenues top $29bn

Iran's oil revenues have reached $29 billion in the first nine months of the current Iranian calendar year ending March 20, according to a top official with the Petroleum Ministry. Iran's exports of oil and oil condensates

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Iran ‘lacking capital, technology to boost oil output’

While Iran  has  delivered  on  its  plans  to  boost  oil production  in  the  immediate  term, it has not been able to access the capital and technology it desperately needs to boost

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Iran ‘lacking capital, technology to boost oil output’

While Iran  has  delivered  on  its  plans  to  boost  oil production  in  the  immediate  term, it has not been able to access the capital and technology it desperately needs to boost

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Non-Opec members ready for big oil production cut

Russia and several other non-Opec nations have pledged to curb oil production next year at a meeting in Vienna, joining forces with the Organization of Petroleum Exporting Countries to end a global glut that’s crashed oil prices and shaken

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Opec to push for non-member oil production cuts

The Opec (Organisation of the Petroleum Exporting Countries) will seek to persuade the non-Opec nations to cut production at its crucial meeting in Vienna on Saturday as part of a newly struck global agreement to stem a crude glut and lift painf

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Opec strikes 'deal on first production cut in 8 years'

The Organization of Petroleum Exporting Countries has reached a deal to cut production by 1.2 million barrels per day (bpd) - its first output cut since 2008 - to clear a record global crude glut, said a report, citing sources. Op

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