UAE Accelerates Efforts to Reach 5 Million Bpd Production Capacity

Along with its goals of being self-sufficient in gas and becoming the pre-eminent oil storage and supply centre in the Middle East, the UAE's top priority is to increase crude oil output to at least 5 million barrels per day (BPD) as soon as practicable. In this backdrop, Abu Dhabi National O...

Reasons why 2020 Could Be A Challenging Year for the Oil Stocks

Not many organizations comprehend the inward functions of an oil field more than Core Laboratories. The organization makes its living by helping vitality organizations comprehend their stores. That gives it a sharp understanding of how a lot of oil the business can create.

Be that as it...

Russia misses the oil target

Russian oil output edged right down to 11.25 million barrels per day last month from August’s 11.29 million BPD; however, it remained on top of the cap set under the worldwide production deal. Accord reached between the Organization of the Petroleum Exporting Countries and allied producers,...

Iranian tankers get the permit

The oil terminal project would permit Iranian tankers to bypass the Strait of Hormuz and cargo their oil cargoes at the Jask port terminal, east of the strait. Iranian President Hassan Rohani' govenment is committed to put together by 2021 a dollar 1.8 billion crude export terminal at Bandar-...