Crude oil exports from Saudi Arabia rose in January to their highest level since April last year, while volumes used by domestic refineries remained high, official data showed.
Saudi Oil Minister Ali Al-Naimi has said oil demand w
State-controlled oil producer Petroleum Development Oman (PDO) raised its crude output in the first two months of the year to more than the planned annual average of 570,000 barrels per day (bpd), a top official said.
Iraq hopes its average daily oil exports will exceed 2.2 million barrels per day in March, despite poor weather which hurt loading at its Gulf ports, Oil Minister Abdul Kareem Luaibi said.
'Definitely it will be better than the two pre
Saudi Arabia pumped oil at a rate of about 9.8 million barrels per day (bpd) in December, down from 10.05 million bpd the previous month, an industry source said.
The kingdom pumped about 10.05 million bpd in November -- the highest rate i
The Bahrain Petroleum Company (Bapco) has set a new record for monthly average capacity of 271,300 barrels per day (bpd).
The new record, set last month, is a major accomplishment compared to the refinery's average capacity of 262,000 bpd.
Iraq's oil production could reach up to four million barrels per day by the end of next year, its deputy oil minister told Reuters Insider television on Wednesday.
'By the end of next year I think it could be in the region of 3.5 t
Iraq expects to see its crude oil production reach 2.75 million barrels per day this year, Deputy Prime Minister Hussain al-Shahristani said on Wednesday.
Shahristani, who has responsibility for Iraq's growing energy sector, said exports f
Iraq's oil output has reached 2.5 million barrels per day from around 2.4 million bpd, Iraq's newly appointed oil minister said on Wednesday.
'Production has increased after the success of Iraqi workers and international oil co
Italy's ENI hopes to reach output of at least 250,000 barrels per day from Iraq's Zubair oilfield, an ENI executive said on Tuesday.
'We hope to reach at least 200,000 to 250,000 barrels per day,' Gino Giannone, an ENI exec
Oil prices are likely to trade around $70 to $80 a barrel in coming months, supported by improving economic and oil market conditions, Opec said on Wednesday.
The monthly report from Opec said world oil demand would rise by 900,000 barrels