2016-10-04 18:40:00
IRAN WANTS 4 MBD
SHANA wrote, Managing director of National Iranian Oil Company (NIOC) Ali Kardor said Iran will not cease to achieve the targeted crude oil output of 4 million barrels per day.
Speaking in a meeting with a number of commanders on Monday, Kardor said Iran has been able to retain its production quota in the Organization of Petroleum Exporting Countries (OPEC).
However, he said, Iran's rivals in the market are rapidly raising their output which mean Iran should also make every move to increase withdrawal from its underground reserves.
He said the NIOC is pretty active in upstream activities, saying the company will make every effort to serve the interests of the Islamic establishment and the economy of resistance.
Kardor said Iran's crude oil production capacity must reach 5.2 to 5.7 mbd in the future.
He further underlined Qatar's production of 350,000 barrels of oil from the South Pars oil layer, saying Iran is yet to recover any crude from the layer.
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Earlier:
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October, 15, 12:30:00 |
OIL PRICE: NEAR $81 ANEW |
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October, 15, 12:25:00 |
BAD BOYS: IMF & WBG |
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October, 15, 12:20:00 |
U.S. - CHINA NUCLEAR POLICY |
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October, 15, 12:15:00 |
U.S. - CHINA NUCLEAR SANCTIONS |
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October, 15, 12:10:00 |
IRAN SANCTIONS DOWN |
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October, 15, 12:05:00 |
IRAN - S.KOREA OIL DOWN ANEW |
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Chronicle:
2018, October, 15, 12:01:00
GAZPROM - SHELL: BALTIC LNG
GAZPROM - The parties discussed relevant issues related to bilateral cooperation, including the Baltic LNG project. Emphasis was placed on the priority measures aimed at developing a joint design concept (pre-FEED).
2018, October, 15, 12:00:00
U.S. RIGS UP 11 TO 1,063
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2018, October, 12, 11:40:00
OIL PRICE: NEAR $81
REUTERS - Brent crude futures had risen $1.02 cents, or 1.3 percent, to $81.28 a barrel by 0637 GMT. The contract dropped 3.4 percent on Thursday following sharp falls in equity markets and indications that supply concerns have been overblown. U.S. West Texas Intermediate (WTI) crude futures were up 80 cents, or 1.1 percent, at $71.77 a barrel, after a 3 percent fall in the previous session. WTI is on track for a 3.5 percent drop this week.
2018, October, 12, 11:35:00
OIL PRICES 2018 - 19: $74 - $75
EIA - Brent crude oil spot prices averaged $79 per barrel (b) in September, up $6/b from August. EIA expects Brent spot prices will average $74/b in 2018 and $75/b in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average about $6/b lower than Brent prices in 2018 and in 2019.
