Oil output

Oil Shale

EIA Forecasts U.S. Shale Oil Output Decline of 93,000 Barrels a Day in July

Crude-oil production from seven major U.S. shale plays is forecast to decline by 93,000 barrels a day in July to 7.632 million barrels a day.

Crude Oil

Yemen Aims to Raise Oil Output 25 % within Months

Yemen aims to raise its crude oil production by 25% to 75,000 barrels per day in the coming months.

Africa Energy

Nigeria Now in Full Compliance with Daily Oil Output

Nigeria had previously failed at complying completely with its promised cuts in past months.

Crude Oil

OPEC+ Delivers 85% Compliance on Oil Output Cuts in May: S&P Global Platts Survey

OPEC and its allies slashed almost one-fifth of their crude oil production in May.

Crude Oil

Refineries Around Asia Join Chinese Peers in Ramping up Oil Output

Refineries from India to South Korea are expected to join their Chinese counterparts in ramping up production from June.

Oil Price

Oil Moves Lower as U.S.-China Tensions Weigh

Oil futures steadied on Monday as rising U.S.-China tensions weighed on sentiment, but prices drew support from reports that OPEC and Russia were close to a dea…

Oil Shale

U.S. Oil Output from Major Shale to Drop in June to Nearly Two-Year Low

U.S. crude production from seven major shale formations is expected to fall by a record 197,000 barrels per day in June to 7.822 million bpd, the U.S. Energy In…

Oil Shale

No One Expected U.S. Shale Oil Output Cuts to Happen So Fast

In brokering the end to the global oil-price war last month, the Trump administration assured leaders that America’s shale patch would throttle back production…

Oil & Gas Trade

OPEC Says Nigeria's Oil Output Dropped Last Month

The Organisation of Petroleum Exporting Countries, OPEC, has put Nigeria’s oil output, excluding Condensate, at 1.78 million barrels per day, m/bd, in April 20…

Crude Oil

Russia Predicts U.S. Oil Output Will Drop By 2-3 Million Bpd

U.S. oil production could decline this year by 2 million bpd-3 million bpd, due to limited storage capacity and low oil prices, Russia’s Deputy Energy Minister…

Oil & Gas Trade

Why Russia Finally Accepted Deeper Oil Output Cuts

When Russia refused two months ago to join the deeper OPEC oil cuts, it was because Moscow found them unnecessary. Two months later, Russia agreed to cut quite …

Crude Oil

Russian Oil Output Jumped to 11.35 Mln Bpd in April, Ahead of cuts

​Russia raised oil and gas condensate output in April to 46.45 million tonnes, or 11.35 million barrels per day (bpd), from 11.29 million bpd in March, Interfa…

Oil & Gas Trade

Azerbaijan's SOCAR Says BP to Cut Oil Output by 76,000 Bpd in May-June

​ Azerbaijan’s state energy company SOCAR said on Thursday that BP, which leads a number of big energy projects in the former Soviet country, will cut its oil…

Crude Oil

Venezuela's Oil Output Could Fall Again Soon

On Tuesday, the Trump administration told the last remaining American oil companies in Venezuela.

Crude Oil

Whether Opec+ Formally Agrees or not, Deeper Oil Cuts Now Look Inevitable

Whether or not Opec+ oil producers formally agree to extra oil output curbs, rapidly filling storage capacity and plummeting demand due to the coronavirus crisi…