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Iraq Sees Oil Prices Recovering In Q2 2021
Currently, the OPEC+ production cuts are delaying oil projects in Iraq.
Libya to Resume Oil Production at Largest Field Amid Talks
Libya's prized, light crude has long featured in the North African country's civil war with rival militias and foreign powers jostling for control of Africa's l…
Russian LUKOIL Proceeds with Filanovsky Field Phase Two Development
The second phase aims to keep oil production at the planned rate of 6 million tonnes a year.
Daily Crude Oil Production Hits over 718K Barrels in the Sultanate
The Sultanate’s daily crude oil production stood at 718,700 barrels during September 2020, a drop by 0.18 percent compared to the daily production in August 20…
Libya’s Central Banks Wants To Lift Oil Output To 1.7 Million Bpd
The governor of the Libyan central bank has called for the increase of oil production to 1.7 million bpd as soon as possible as the country’s economy continues…
Russian Oil Production Tops OPEC+ Quota In September
Russia produced an average of 9.93 million bpd of crude oil and condensates last month, a little above its OPEC+ quota but still down 11.8 percent on the year, …
Libya Eyes 260,000 b/d as Opec+ Keeps Watch: Update
Libya's state-owned NOC said it expects the country's oil production to reach 260,000 b/d next week as onshore fields that have been shut in for several months …
U.S Keeps Top Crude Oil Producer Status
Despite oil production curtailments earlier this year that are not fully back online, the United States maintained its global status as the leading supplier of …
Venezuela Prepares To Boost Oil Production With Iranian Help
Venezuela is preparing to ramp up its crude oil production using diluents imported from Iran, citing unnamed sources and company documents.
EIA: OPEC+ Crude Oil Production Increased in August
Both OPEC and non-OPEC partner countries increased their crude oil production in August.
Mexico’s Pemex Slashes Oil Production Target For 2021
Mexico has revised down energy giant Pemex’s oil production target for next year by more than 8 percent in what was a no-surprise move to those familiar with t…
Saudi Economic Outlook Sours After Oil Price Crash
Saudi Arabia’s economic outlook for this year remains uncertain amid the pandemic-driven economic slowdown and the collapse in oil prices that led to the Kingd…
Mexico CoMexico Could Be Forced To Cut Oil Production Target For 2021
Mexico will likely cut its crude oil production targets for next year, citing a ruling party lawmaker in Mexico.
OPEC Production Rises By 950,000 Bpd In August
OPEC produced more oil in August than it did in July as the cartel continued to relax its production cuts, a Reuters survey has revealed, with recovering demand…
Angola Aims to Ramp up Oil Production
Angola, Africa’s second-largest oil producer after Nigeria, will need foreign and government investments to discover up to 57 billion barrels of crude oil by 2…