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Iraq's southern oil exports close to 3.6 mln bpd -SOMO
Iraq, the second-largest OPEC producer, is exporting close to 3.6 million barrels per day (bpd) of crude from its southern oilfields, as OPEC and others ramp up output to replace supply shortfalls from Iran and Venezuela, an Iraqi oil official said.
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Big Oil pledges to slash potent greenhouse gas emission
A group of the world’s top oil and gas companies pledged on Monday to slash emissions of a potent greenhouse gas by a fifth by 2025 in an effort to battle climate change.
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Armenia’s Unique Geopolitical Reality: An Asset for NATO’s Stability Projection Southwards
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Devon says will deal with gas issues before bringing wells online
U.S.-based Devon Energy Corp will not bring oil wells online unless it has the capacity to deal with the gas byproducts, Chief Executive David Hager told a conference on Wednesday.
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Russia's oil industry can shoulder extra taxes, finance ministry says
Russia’s oil industry is awash with cash and will be able to withstand the planned 1 trillion rubles ($15 billion) in extra taxes over the next six years, Alexei Sazanov, the head of the tax department in the finance ministry, said in an interview.
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Algeria says global oil market is balanced
The world crude oil market is currently balanced, Algerian Energy Minister Mustapha Guitouni said on Monday ahead of a meeting of producers in Algiers.
Publications
Russia’s Policy of Deception and Denial
By Eugene Kogan, Tbilisi-based defence and security expert
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Oil prices higher as U.S. sanctions limit Iran exports
Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once U.S. sanctions bite from November, but gains were limited by higher supply from OPEC and the United States.
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