OPEC oil production fell by 420,000 bpd from January to May 2018 as the continued political disruption in Venezuela and decline in Angolan oilfields resulted in significant output losses
Industry
DME sets new open interest record of 71.5 mmbbl of crude oil
Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East, has reported a new exchange-wide open interest record of 71,586 lots on 31 July 2018, which is equivalent to almost 71.5 mmbbl of crude oil
Oil reserves decreased 0.2 per cent in 2017: Eni
In 2017, oil reserves decreased slightly (-0.2 per cent) mainly due to reduction in some OPEC countries, according to Eni’s 17th edition of the ‘World Oil, Gas and Renewables Review,’ the annual statistics report on oil, natural gas and renewables sources
DEEPS to explore Lebanon’s oil and gas potential
A new specialised oil and gas services company, DEEPS, has opened an office in Lebanon, aiming to explore oil and gas potential in the region
BP, Eni and Shell outperforms their peers, says Rystad Energy
A Rystad Energy review of the performance of their recent projects against those of other operators shows that the three European oil giants, BP, Eni and Shell have outperformed their competitors
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