Saudi Arabia To Boost Production 500K bpd

Friday, July 21, 2000
Saudi Arabia is poised to unilaterally boost its oil output by 500,000 barrels per day (bpd) by the end of August, industry sources said. The kingdom, the world's biggest oil producer, has already turned up its taps by 250,000 bpd and aims to lift output by the same amount starting from August 1, the sources added. The extra Saudi barrels will head for markets in the U.S. and the Far East, they said. OPEC President and Venezuelan Oil Minister Ali Rodriguez said on Tuesday OPEC would not raise production this month because prices for its basket of crudes had fallen below the $28 a barrel threshold for a supply increase.
Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Governor: Russia Will Have No Competitors in the Arctic

The Governor of Yamalo-Nenets Autonomous Region, Dmitry Kobylkin, presented the annual report on the situation in the autonomous region. "We have been confronted with new challenges.

Ulstein Verft Ready for Big Scale Construction

Ulstein Verft’s largest vessel so far is under full production these days. Sections for hull 302, an offshore construction vessel for Island Offshore/Edison Chouest Offshore,

TransAtlantic Scrubber for SECA 2015

TransAtlantic and Stora Enso have signed and started the installation of the first order of a new innovative scrubber that washes out sulphur oxides from ship

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Port Authority Salvage Ship Electronics Ship Repair
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1098 sec (9 req/sec)