January 16, 2019

EIA: OPEC Production To Fall By 1 Million Bpd This Year

The Energy Information Administration expects OPEC’s combined crude oil production this year to be 1 million barrels per day lower than in 2018, when the cartel […]
January 3, 2019

Sharara Oil Filed Loses 8,500 Bpd To Looters

Libya’s largest producing oil field, Sharara, may be losing 8,500 bpd of crude to looters, the National Oil Corporation said today. The field, which normally yields […]
December 12, 2018

Russia Will Cut Oil Production By 60,000 Bpd In January

Russia is planning to reduce its oil production by 50,000 bpd to 60,000 bpd in January as part of the new OPEC+ deal, and will not […]
December 10, 2018

Saudi Arabia To Cut Oil Exports By 1 Million Bpd Next Month

Saudi Arabia could reduce its daily crude oil shipments abroad by as much as 1 million barrels next month, Reuters reports, quoting unnamed sources close to […]
December 7, 2018

Libyan Oil Production Falls 300,000 Bpd In December

By Irina Slav – Dec 07, 2018, 11:00 AM CST Libya’s crude oil production has fallen by about 300,000 bpd since the start of this month […]
December 7, 2018

Russia May Agree To 200,000 Bpd Cut In OPEC+ Oil Deal

Russia may be ready to cut its oil production by 200,000 bpd as part of a deal with OPEC to reduce oil supply—a higher commitment than […]
December 6, 2018

Libya Closes All Oil Ports, Expects To Shut-In 150,000 Bpd

Libya has closed all its oil loading terminals due to bad weather, and soon-to-be-full storage tanks will lead to a shut-in of 150,000 bpd, or half […]
December 1, 2018

Bad Weather Closes Libyan Oil Ports, 150,000 Bpd Output Shut In

Several crude oil terminals in Libya have been closed due to inclement weather, with oil production in the country already down by 150,000 bpd and likely […]
December 1, 2018

Iran Exports To Asia Sink To 760,000 Bpd In October

Crude oil exports from Iran to Asian countries—its biggest clients—sank to an average daily of 762,000 bpd, official customs data and shipping data reported by Reuters […]