
Libya’s Haftar announces resumption of oil production, export
GNA Deputy Prime Minister Ahmed Maiteeg says joint technical committee will supervise oil revenues and ensure fair oil distribution
GNA Deputy Prime Minister Ahmed Maiteeg says joint technical committee will supervise oil revenues and ensure fair oil distribution
US crude oil imports and exports both increased during the week ending July 17, the US Energy Information Administration
We plan to get the ISO to establish a strong foothold in the European market, says Abo Bakr
Cheap oil prices have been massively affecting global markets, from countries’ budgets to world food prices. Now the oversupplied oil market is in for a rebalancing as non-OPEC producers like the US and Russia cut back. Oil production from non-OPEC countries is expected to plunge next year – perhaps the steepest decline since the Soviet …
An increase of 20% in production through Assil and Karam project, 50 oil wells to be drilled this year to keep up with the production rates
Improvements will boost output by 25%
Iran has meanwhile called for lower production this week in order to maintain and even boost crude oil price levels.