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BRASILIA, Brazil (AFP) — The Brazilian government on Monday assured the United States it will increase its oil production, a decision that could help ease concerns over global crude supply after Russia’s invasion of Ukraine. Bento Albuquerque, Brazil’s minister of Mines and Energy, said he had spoken with his US counterpart, Secretary of Energy Jennifer Granholm, and confirmed that Brazil would seek to increase its oil output. “She asked me if Brazil could be […]
TEHRAN, Iran | AFP | Monday 10/17/2016 – 18:29 GMT+8 | 201 words Iran said Monday its oil production capacity will hit four million barrels per day by March after it was exempted from an informal agreement among OPEC members to lower output to boost prices. “Our production capacity was 3.8 million (bpd) after the first half of the year. We will take it to 4.03 million by the end of the year” in […]
QUEZON City, Philippines – The Organization of Petroleum Exporting Countries failed once again to agree on its aim to limit oil production among its member after Iran made a statement that it will increase its oil production to supply the world market. On the other hand, Saudi Arabia – the world’s largest oil supplier – promised that it will not increase its current oil output. (Eagle News Service Described by Jay Paul Carlos, Video Editing […]
