Libya production hits 800,000 bps, NOC says disputes a hurdle
Libyan oil production exceeded 800,000 barrels per day (bpd) for the first time since 2014, the state oil firm said, but fighting between the government and militias as well as a commercial dispute with one of its foreign partners is holding back Libya’s ......
U.S. shale output seen rising in January as OPEC cuts production
U.S. shale production is expected to rise in January, according to U.S. Energy Information Administration, less than a week after non-OPEC countries joined OPEC producers in a deal that will curb oil production to tackle a glut and prop up low oil prices.......
OPEC oil production jumps by 40,000 bpd
Production levels declined in the UAE, Libya, Nigeria, and Venezuela in March, but this was counterbalanced by a dramatic increase in Iranian production levels.
Emiratis aiming higher
The UAE has ambitious growth targets for 2020 and the country’s crude output hit a record high last year. The Gulf State is also seen as one of the few reliable sources of incremental crude supplies in the region, writes Richard Mallinson Geopolitical Ana......
OPEC production hits eight year high
Production levels of 33.21 million bpd represent a year on year increase of 510,000 bpd for OPEC, which will raise eyebrows in some quarters as the cartel continues its strategy of keeping supply levels high, even during the current era of low oil prices.