OPEC and its allies are expected by delegates to stick to their plan and ratify another modest production increase next week as they try to satisfy rebounding oil demand. The 23-nation coalition led by Saudi Arabia and Russia will probably rubber-stamp a hike of 400,000 barrels a day for March, officials from about half of the group’s members said, asking not to be named because the information is private. The coalition has stuck to its schedule for gradual monthly supply increases since forging the agreement in July. The Highlights from the OPEC+ online gathering held on Feb. 2 will be shared globally shortly. (Source:By Grant Smith, Salma El Wardany and Ben Bartenstein 1/26/2022 SBL- NEWS/2022/1/26/OPEC-DELEGATES-EXPECT-TO-STICK-TO-PLAN-FOR-MODEST-OUTPUT-HIKE/)

U.S. oil production will grow even more than the government previously expected as a scorching price rally drives producers to boost drilling. Oil output will average 12.6 million barrels a day in 2023, an increase from its previous estimate of 12.41 million, according to Energy Information Administration data. Global petroleum supply are expected to rise to 101.39 million barrels a day this year. That’s an upward revision from last month’s forecast of 101.05 million. The EIA expects global production will rise further to 103.47 million barrels a day in 2023. (Source: By Sheela Tobben 2/8/2022 https://www.worldoil.com/news/2022/2/8/u-s-sees-record-oil-production-next-year-moving-even-higher/)

With the emergence of many Oil & Gas Sector Job opportunities in the Middle- East Area, the inflow of aspiring delegates has increased over the past few years at PISTA (The Only OPITO Approved Safety Training Centre in Southern India Region.) The Indian-sub Continent contributes almost 30-35% of the Qualified workforce market in the Global Oil and Gas Industry. A major chuck on this is represented from the Middle east region. PISTA has been a turn-key factor as being strategically located at Pondicherry to address the requirements of the Skilled workers coming from Tamil Nadu, Kerala, Andhra Pradesh/Telangana, and Karnataka regions. It continues to be the Pioneer In the International Safety Training in this Region. (Source: PISTA Magazine Edition E2-04/2021-22.PPsT)