Oil output

Crude Oil

Libyan Crude Output could Rise 200,000 b/d by Year-End: OMV Executive

Libya has the potential to boost its oil output by as much as 200,000 b/d by the end of the year, depending on the security situation, an executive from Austria…

Oil Price

OPEC Sees World Oil Demand Reaching Pre-Pandemic Level in 2022

OPEC said that that demand next year would rise by 3.4% to 99.86 million barrels per day, averaging more than 100 million bpd in the second half of 2022.

Oil Price

Oil Prices Drop After Saudi-UAE Reach Output Compromise

The deal between the two Gulf producers means that members of the Petroleum Exporting Countries (OPEC), Russia and other producers, a group known as OPEC+, will…

Crude Oil

Brazil Plans To Be 5th-Largest Crude Exporter By 2030

Brazil’s expected oil output surge this decade will make it the world’s fifth-largest crude exporter in 2030, Brazilian Mines and Energy Minister Bento Albuqu…

Crude Oil

Opec+ Resumes Output Talks Amid UAE Standoff

Opec+ ministers are due to resume talks at 15:00 Vienna time today to try to defuse what is fast becoming the group's most serious crisis since it embarked on i…

OPEC

OPEC+ Discussing Gradual Oil Output Rise from August

The talks mean that OPEC and Russia are likely to find common ground again on oil production policy

Crude Oil

Iran Projects 90 Days to Hit 4 million Barrels of Daily Oil Output Once Sanctions are lifted

Iran plans to restore the bulk of its crude oil production within one month of the easing of U.S. sanctions if world powers manage to broker the revival of the …

Oil Shale

U.S. Shale Oil Output to Climb for First Time in 3 Months in June - EIA

U.S. oil output from seven major shale formations is expected to climb by 26,000 barrels per day in June to 7.73 million bpd, the first rise in three months, th…

Crude Oil

China April Crude Oil Output Up 3.4 pct on yr

China's April domestic crude oil production rose 3.4 percent on year to 16.41 million tonnes.

Shell to Make First Oil Output Profit Since Pandemic

Royal Dutch Shell Plc said it expects to make the first profit from pumping oil since the start of the pandemic.

Crude Oil

Libya Targets 1.45mn b/d Oil Output by Year-End

Libya aims to increase its oil output to 1.45mn b/d by the end of the year, a level not achieved since 2012.

Video: OPEC and Its Allies Extends Output Cuts Into April| Oil Price Surge

Global oil prices jumped higher after the organisation of the petroleum exporting nation's OPEC and its allies agreed to extend most oil output cuts into April.

Crude Oil

OPEC, Allies Agree to Keep Oil Output Steady into April

The Organization of the Petroleum Exporting Countries (OPEC) and its allies agreed on Thursday to largely continue current production levels into April.

Crude Oil

Norway: December Oil Output Rises Above Expectations

Norway ended 2020 on a high note with oil production in December 2020 above forecasts made by the Norwegian Petroleum Directorate.

Oil Field

Lukoil Reaches Oil Output Milestone on North Caspian Sea Fields

Russian independent oil company Lukoil has exceeded a cumulative production of 35 million tonnes from its Yury Korchagin and Vladimir Filanovsky fields in the N…