Nigeria’s two main oil unions have prepared their members for possible nationwide industrial action over a staffing dispute with Chevron, they said on Saturday. Nigeria, an OPEC member, is Africa’s largest oil producer and crude sales make up around two-thirds of government revenues in West...
Oil & Companies News
OPEC, allies overachieved on output cut by 600,000 bpd in August – Oman
OPEC and non-OPEC oil producers overachieved on pledged crude output cuts by 600,000 barrels per day in August, Oman’s oil minister Mohammed bin Hamad Al-Rumhy said on Saturday. The size of the cut was around 2.4 million bpd, Rumhy told reporters. Source: Reuters (Reporting by Ahmad Ghaddar;...
OPEC raises U.S. oil supply outlook, sees lower demand for own crude
A steady rise in U.S. oil output will gather pace in the next five years, OPEC said on Sunday, predicting that demand for the producer group’s crude will decline despite a growing appetite for energy fed by global economic expansion. “Declining demand for OPEC crude is a result of strong non-OPEC...
Libya’s AGOCO resumes 3,000 bpd production at abandoned well in Messla
Libya’s National Oil Corporation (NOC) said on Saturday its subsidiary the Arabian Gulf Oil Company (AGOCO) had restored production at 3,000 barrels of oil per day (bpd) at an abandoned well in the eastern Messla field. After 16 years of inactivity, production resumed at the well (HH86-65) using...
Iran Says Oil Production Unaffected by Deadly Attack
Iran is producing oil at normal levels in spite of a deadly shooting in the crude-rich Khuzestan province, home to fields accounting for two-thirds of the Islamic Republic nation’s output, according to the Oil Ministry. OPEC’s No. 3 producer didn’t take any extra security measures to protect energy...
https://www.hellenicshippingnews.com/iran-says-oil-production-unaffected-by-deadly-attack/