The Organization of the Petroleum Exporting Countries (OPEC) and its allies will consider deepening their existing oil output cuts by about 400,000 barrels per day (bpd) to 1.6 million bpd, according to Iraq’s Minister of Oil Thamer Ghadhban. Ghadhban told reporters in Baghdad that OPEC and...
Oil production amongst OPEC member states fell in August for the first time since March as the cartel continues to lead cutbacks which have been in place since the start of the year. OPEC members pumped 32.76 million barrels per day (bpd) in August, down by...
Genel Energy (LSE:GENL) and DNO (OSE:DNO) of Norway have arrived at a landmark agreement with the Kurdistan Regional Government (KRG) over unpaid entitlements of previous oil sales. The KRG owed sizable sums of money to the two foreign oil companies dating from a period between 2014-15...
Iran’s crude oil production has increased to 3.6 million barrels per day (b/pd), returning to pre-2012 sanction levels in just 100 days - according to data from the International Energy Association. #BREAKING: #Iran crude #oil production jumps to 3.6m b/d, back to pre-2012 sanction levels...