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Iraqi Oil Minister Jabar Ali al-Luaibi speaks during a media conference in Baghdad, Iraq, May 22, 2017. REUTERS/Khalid al Mousily
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A general view shows an oil refinery in Zawia, west of Tripoli, Libya. Reuters photo
Libya’s Oil Production Approaches One Million bpd
London- Libya’s oil production has approached one million barrels per day after it reached an interim agreement with Germany’s Wintershall to resume production amid a contract dispute. Reuters reported on Tuesday that according to Libyan sources, Libya’s...Caption:
Illustration on Iraqi oil production, Bloomberg
Baghdad Oil Exports Threaten OPEC Production Cut Deal
Khobar- A majority of member states at the Organization of the Petroleum Exporting Countries (OPEC) have projected sincere intentions to lower oil production rates, promoting a cut deal to relieve the current market glut. The agreement aims at an overall 1.2 million...Caption:
The Neutral Zone’s oil fields have been closed [Getty]
Riyadh, Kuwait Uphold Cut Agreement as Production Restarts in Neutral Zone
Khobar- Oil drilling and production in Saudi-Kuwait common wells might be resumed after a two year halt. The relaunch of production, however, will not affect the cut agreement reached by OPEC members last week. Bloomberg wrote that Saudi Arabia and Kuwait will cut...Caption:
An oil tank is seen at the Saudi Aramco headquarters during a media tour at Damam city November 11, 2007. REUTERS/ Ali Jarekji