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Iraq Could Boost Oil Output To 5 Million Bpd This Year

collected by :Jack Alex If you thought Iraq’s plans to increase its oil production to 5 million bpd were rather pie-in-the-skyish, think again. Its production last month even grew by 44,400 bpd over April, to 4.424 million bpd, making it one of the worst under-complying OPEC producers. Iraq agreed to …

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OPEC members agreed to cut 1.2 million barrels a day

The OPEC agreement was supported by 11 non-OPEC states, which joined the deal by promising to jointly reduce oil output by 558,000 barrels per day. “Of course, we discussed these issues with our companies, prior to the meeting with my counterpart, the Saudi Arabian [energy] minister. The OPEC has already …

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Oil prices expected to stay low

collected by :Jack Alex follow the latest news and price to oil from different sites most famous technicals /Christopher Johnson by 2017-01-16 at 10:15 according to Oil prices under pressure on doubts over output cuts */ – FILE PHOTO: A worker checks the valve of an oil pipe at the …

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OPEC Oil Output Falls From Record Highs

collected by :Jack Alex follow the latest news and price to oil from different sites most famous technicals /Tim Clayton by 2017-01-06 at 10:40 according to OPEC Production Cuts Help Support Oil Futures, Market Reservations Persist */ – The production cuts by Saudi Arabia and Kuwait have helped support underlying …

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