Platts – Oil production from the Organization of the Petroleum Exporting Countries (OPEC) fell to 29.7 million barrels per day (b/d) in November, the lowest volume since mid-2011 when the uprising in Libya significantly reduced the ...
Tags: Platts, OPEC, oil production, Platts survey of OPEC
A chief executive officer of a U.S. energy giant on Tuesday called for the government to remove its current ban on crude oil exports so as to lower consumer prices and stimulate further shale oil production, the Houston Chronicle reported. ...
Tags: Crude Oil, Export Ban
Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) remained broadly unchanged at 29.93 million barrels per day (b/d) in October following production of 29.91 million b/d in September, a just-released ...
Even with the shale revolution leading to booming US oil production, the head of the US Energy Information Administration said Wednesday he does not expect the country to become an oil exporter any time soon. Beyond the political ...
Saudi Aramco boosted its crude production to a record 9.506 million b/d in 2012, excluding blended natural gas liquids, up 5% from 9.068 million b/d in 2011, the company said in its latest annual report. "During 2012 at Saudi Aramco, we ...
Tags: Saudi Aramco, Crude Output
Russia's export of ESPO Blend crude loading from Kozmino port is fixed at 19 cargoes in May, the highest monthly figure since exports of the grade began in December 2009 and up from 17 in April. The increase is in line with the completion ...
Tags: Metallurgy, Mineral, Energy, oil
The US exported crude oil to China for the first time since November 2005 in January, according to data the Energy Information Administration released Thursday. US crude oil exports to China averaged 9,000 b/d in January, the EIA's data ...
Tags: Oil, Metallurgy, Mineral, Energy
Recent fiscal changes in Venezuela could help state oil company PDVSA significantly cut its $16.4 billion debt to service providers this year, according to some economists and analysts. The changes, mainly to Venezuela's complicated ...
Tags: oil activity, PDVSA, Venezuela
Crude exports from OPEC kingpin Saudi Arabia fell to 7.062 million b/d in December last year, the lowest level since September 2011 when exports averaged 6.813 million b/d, data from the Joint Organizations Data Initiative, or JODI, show. ...
Tags: Crude exports, crude production, crude
Russia's crude exports to Europe will not be affected by increased supplies to Asian markets, Russia's deputy prime minister Arkady Dvorkovich said Tuesday. "[Russia's crude] supplies to eastern markets will grow but this will not ...
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China's crude oil imports in December rose 8% year on year to 23.67 million mt, or an average of 5.6 million b/d, according to preliminary trade data released Thursday by the General Administration of Customs. The volume is 1.9% lower ...
According to a Reuters survey, Iran posted increases in its oil output in November. Iranian supply has risen by 40,000 barrels per day to 2.71 million barrels per day. Sources in the survey said that a resumption in sales to South Korea ...
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Iran's crude exports are set to drop by about a quarter in December from the preceding month to the lowest since tough sanctions were applied this year. Shipping sources said that oil shipments by Iran have more than halved in 2012 due to ...
Reuters reported that OPEC crude oil output has declined in November to its lowest since January because of disruptions to Nigerian output and reduced supplies from Angola and Libya. A Reuters survey found that supply from the 12 member ...
AFP reported that Iraq's oil exports and revenues were slightly higher in October compared to the previous month. Mr Assem Jihad oil ministry spokesman said that Iraq exported 81.3 million barrels of oil in October for an average of about ...
Tags: oil exports, average price, oil revenues