Exploration & Production

IEA report shows OPEC crude production rises in Q1 2017

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OPEC crude production rose by 65k bpd in April to 31.78 mn bpd as higher output from Nigeria and Saudi Arabia more than made up for lower flows from Libya and Iran

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Oil price rises 2 per cent as Saudi and Russia agree to extend supply cutbacks

Ad Petrol Stations Gasoline Prices Oil Price Refuel 577348The oil price increased to US$52 per barrel after Saudi Arabia and Russia agree to cut back oil supply until 2018

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Oil Review Middle East weekly digest - 7th - 11th May 2017

public domain commons for ORME 307Here is a brief overview of the week's new on Oil Review Middle East, from 7th - 11th May 2017

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Global oil discoveries and new projects fell to historic lows in 2016

PumpjacksGlobal oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency (IEA), which warned that both trends could into and through 2017

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Alderley re-enters the Iran market

1024px Abadan Catalitic facilitiesAlderley are delighted to be able to move back into the Iranian market since the lifting of sanctions

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