All publications by tag «PRODUCTION»
2016, September, 23, 21:10:00
IRAQ WANT 5 MBD
Iraq, along with Saudi Arabia, Iran and Russia has increased output to historic highs over the past year to fight for market share with higher-cost producers such as the United States where production has been falling back due to low oil prices.
2016, September, 21, 18:50:00
LIBYA RISES PRODUCTION
Lybian crude output rose to 450,000 barrels a day after work resumed at some oil fields, Ibrahim Al-Awami, head of oil measurement department at state-run National Oil Corp., said by phone on Tuesday. Armed conflicts and political disputes have hurt the country’s production, which was 260,000 barrels a day in August.
2016, September, 21, 18:40:00
NORWAY'S OIL PRODUCTION DOWN 202 TBD
Preliminary production figures for August 2016 show an average daily production of 1 929 000 barrels of oil, NGL and condensate, which is a decrease of 202 000 barrels per day (approx. 9.5 percent) compared to July.
2016, September, 19, 18:45:00
IRAN SUPPORTS STABILIZATION
President Hassan Rouhani on Saturday called for Iran-Bolivia joint efforts for stabilization of oil market, fair prices and fair quota, especially efforts in the upcoming session of oil prices in Algeria.
2016, September, 19, 18:40:00
LIBYA'S OIL PRODUCTION: 300 TBD
Oil traders have closely watched the situation in Libya, where production now stands at about 300,000 barrels a day—a level that Libyan officials say they could quickly ramp up again if oil ports remained open and secure for an extended period.
2016, September, 13, 15:00:00
RUSSIAN OIL PRIDUCTION UP TO 2.2%
Energy Minister Alexander Novak told in July that oil production was expected to reach 542-544 million tonnes this year (10.85-10.90 million barrels per day), up from about 534 million tonnes in 2015.
2016, September, 13, 14:55:00
CHINA'S OIL PRODUCTION DOWN BY 10%
China pumped 16.45 million tonnes (3.87 million barrels per day) of crude in August, the least since December 2009 on a daily basis and the second month of sharp decline.
2016, September, 13, 14:50:00
MARKET IS OWERSUPPLIED
The producer cartel revised higher for this year and next oil supply forecasts from non-member countries, implying that demand for its crude will remain far lower than current near record output of more than 33m barrels a day.
2016, September, 13, 14:45:00
OPEC WILL UP 200,000
Production from outside the Organization of Petroleum Exporting Countries will grow by 200,000 barrels a day next year, according to the group, which a month ago had projected a drop of 150,000 a day.
2016, September, 13, 14:35:00
U.S. OIL & GAS PRODUCTION DOWN
U.S. oil production down 61 tbd, gas production doun 302 mcfd.