Iraq

Global Oil & Gas: “Oil Producers Should Not be Influenced by Calls to Boost Output” – Iraq Oil Minister

Posted on June 13, 2018June 13, 2018 by Mozambique Resources Post

Iraq’s oil minister said producers should not be influenced by pressure to pump more oil and unilateral decisions on output could be a breach of a supply cut pact between OPEC and non-OPEC countries, leading to its possible collapse. Iraq’s oil minister said on Monday producers should not be influenced by pressure to pump more oil and unilateral decisions on output could be a breach of a supply cut pact between OPEC and non-OPEC countries,…

Global Oil & Gas: Higher OPEC production threatens Algiers deal

Posted on October 12, 2016 by Mozambique Resources Post

The IEA also said that OPEC’s rising production threatens to overwhelm the planned production cuts announced in Algeria last month. OPEC’s oil output rose by 160,000 barrels per day in September to an all-time high of 33.64 mb/d.

Global Oil & Gas: Ahead of freeze deal, OPEC Oil output expected to increase in September

Posted on October 3, 2016 by Mozambique Resources Post

Despite OPEC’s decision on Wednesday to scale back production, the oil trade bloc will produce oil at record rates in September, according to the results of an industry survey conducted by Reuters.

OILPRICE: If A Cut Is Going To Come It Won’t Be From OPEC

Posted on February 15, 2016 by Mozambique Resources Post

The latest OPEC Monthly Oil Market Report is just out. The data is “Crude Only” production and does not reflect condensate production. Also the charts, except for Libya, are not zero based. I chose to amplify the change rather than the total. The charts do not include Indonesia. That will be added within the next few months when I am able to get better historical data for Indonesian crude only production.