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Macron Tells Biden That Uae, Saudi Can Barely Raise Oil Output
Two top OPEC oil producers, Saudi Arabia and the United Arab Emirates, can barely increase oil production, French President Emmanuel Macron on Monday said he ha…
OPEC+ Working On Making up for Lower Russian Oil Output
OPEC+ is working on making up for a drop in Russian oil output as Russia's production has fallen by around 1 million barrels per day as a result of Western sanc…
OPEC+ Set to Stick to Modest Oil Output Rises amid Price Rally
OPEC+ will likely stick to modest oil output increases on Thursday arguing it is not responsible for geopolitics and supply disruptions.
National Daily Oil Output Totals 684,100 Barrels
Azerbaijan's daily oil production, including condensate, amounted to 684,100 barrels in February 2022, the Energy Ministry has reported.
Russia Could Lose 30% of its Oil Output Within Weeks, IEA Warns
Russia could soon be forced to curtail crude oil production by 30%, subjecting the global economy to the biggest supply crisis in decades — that is, unless Sau…
Oil Market Heads for ‘Biggest Supply Crisis in Decades’ with Russia’s Exports Set to Fall, IEA Says
Three million barrels per day of Russian oil output is at risk beginning in April as sanctions hit and buyers shun the nation’s exports, IEA said Wednesday.
Petroecuador Plans to Double Oil Output in Next Five Years. Target Set at 800,000 Boed
Petroecuador, Ecuador's state-owned oil company, on Friday said it will look to double production to 800,000 barrels of oil equivalent per day (boed) in the nex…
Reluctance to Buy Russian Crude Could Cause Long-Term Output Problems
Standard Chartered: continuing consumer reluctance to buy from Russia and shortages of capital, equipment, and technology will impact Russian oil output.
Oil & Gas Trade
Russia’s Feb Oil Output Rises, Trading Paralysed by Sanctions
Russia’s oil and gas condensate output C-RU-OUT rose in February to 11.06 million barrels per day (bpd), according to Reuters calculations based on an Interfax…
Oil & Gas Supply
Repairs and Protests Halt 480,000 Bpd of Iraqi Oil Output
Iraq has halted over a tenth of its oil output due to maintenance and protests, in a further blow to the already tight global supply at a time of rising demand …
Norway’s January Oil Output Sinks Below Predictions
Norway’s oil production in January 2022 fell behind the Norwegian Petroleum Directorate’s predictions by 2.3 per cent, while the gas output also experienced a…
Crude Prices at $100 Could Prompt Major Rise in US Tight Oil Output
Tight oil output from the US could jump by 2.2 million barrels per day if crude prices trade around or above $100 per barrel, driven by growing demand and conti…
Continental to Boost Oil Output by a Third in 2022
Continental Resources expects to increase oil output by as much as one third this year after snapping up assets in the Permian basin.
U.S. Crude Output to Rise 770,000 bpd in 202R
U.S. crude oil output is expected to rise 770,000 barrels per day to 11.97 million bpd in 2022, the government said in a monthly forecast on Tuesday.
Novak: Russia To Resume Oil Output To 90% Of Pre-pandemic Level
Russia will be able to resume its oil production to 90% of the levels it was producing prior to the pandemic, Russian Deputy Prime Minister Alexander Novak said…