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Platts: June OPEC output of 32.73M barrels of crude per day, highest since Aug. 2008

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million b/d, as production in Nigeria and Libya tentatively recovered along with steady increases for Saudi Arabia and Iran, according to an S&P Global Platts survey of OPEC and oil industry officials. Analysts said these two decisions which were taken at the June meeting could lay the groundwork for future cooperation on bigger issues.

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The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

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Saudi Aramco’s investment of $300 billion in the next 10 years will, in large part, be focusing on the new technology needed to keep existing projects running while opening up new volumes in the future. Between 2012 and 2016, Maersk had been working on field development, slated to have cost $1.5

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