Brent oil prices to pick up to $47 per barrel in 2021: IIF
Higher global oil inventory levels and surplus crude oil production capacity to limit upward pressure on oil prices...
Tag : OPEC
Mexico receives $2.5 bn from 2020 sovereign oil hedge
The country will cash in on its oil price insurance, and it will be for the fourth time in the last two decades...
Kuwait Oil Company set to award $754 mn contracts
The contracts are part of KOC’s efforts to expand its drilling, exploration and development operations...
Adnoc to spent $122 bn in 5 years to boost output
The budget was recently approved by Abu Dhabi’s Supreme Petroleum Council...
China eyes Exxon-owned oil fields in Iraq
Both China National Petroleum Corporation and China National Offshore Oil Corporation are interested in the West Qurna 1 oil field...
Iraq’s rising oil exports to 2.8 mn bpd shows optimism
The country had exported 2.613 million bpd of oil and its revenue had reached $3.43 billion in September...
Gabon’s oil production cuts for 2021 is in line with Opec
Assala Energy is investing $24 million to modernise the oil giant’s Gamba export infrastructure...
Saudi Arabia’s oil exports decline 62% in the second quarter
Oil exports amounted to $19.9 billion in Q2...
Global oil demand will soar by a record 7 bpd in 2021:OPEC
Oil prices in 2020 have collapsed due to an oil price war and the coronavirus pandemic...