Tag: oil output
“In theory”, Russian oil output can be cut by five per cent: Deputy minister
Russian oil output freeze already discussed with companies MOSCOW, Sept 22 (Reuters) – “In theory”, Russian oil output can be reduced by five per cent, Russian Deputy Energy Minister Kirill Molodtsov said on Thursday, referring to a possible output freeze by major crude producers in a bid to stabilise global oil prices. The possible regulation of oil […]
Russian oil output in April edges down to 10.86 mln bpd
Russian oil output down due to seasonal maintenance MOSCOW, April 29 (Reuters) – Russian oil output edged lower in April 1-28 to 10.86 million barrels per day (bpd) from a record 10.91 million in March, two sources close to the Energy Ministry told Reuters on Friday. The preliminary statistics show Russia is determined to keep oil output […]
Potential impact of Iran oil on global supply
Wood Mackenzie forecasts Iran crude oil output to increase by about 0.5 million b/d year-on-year in 2016 According to an analysis by consultancy Wood Mackenzie, the National Iranian Oil Company (NIOC) says it will increase oil production and exports by 500,000 b/d as soon as sanctions were lifted, then raise production levels another 500,000 b/d six months […]
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