Oil production

Breaking Down the Oil Outlook as OPEC Increases Production
Prosper Trading Academy CEO Scott Bauer to discuss the outlook for oil as looming OPEC supply surge adds to demand woes.
Crude Oil
Aramco Aims to Boost Production Capacity to 13 Million Bpd
The world’s largest oil company is looking to raise its production capacity by an extra million barrels per day.
Oil Field
Petrobras Reaches Record Buzios Output in July
Brazilian oil major Petrobras has broken a monthly oil production record on its Buzios deepwater field offshore Brazil.
Crude Oil
Iraq Says Will Make Additional Oil Cuts in August
Iraq said on Thursday it would make an additional cut in its oil production of about 400,000 barrels per day in August.
United Kingdom
BP To Cut Oil Production 40% By 2030, And Invest Billions Into Green Energy
In some refreshingly good news for the environment, news coming out of London, BP has announced that it is planning to cut oil and gas production by 40% and inv…
Crude Oil
Iran Clears Oil Spill in Northern Gulf Region
Iranian teams have cleaned up an oil slick near field in the northern region of the Gulf that had extended over a six-square-km area.
Crude Oil
Crude Shipments Resume from Pemex Floating Oil Storage Unit After Collision
An oil production and storage vessel operated by Mexican state oil firm Pemex in the Gulf of Mexico has resumed crude shipments after a tanker collision halted …
China
Oil Down ith OPEC+ Signaling Production Cuts, While U.S.-China Tensions Rise
Oil was down on Thursday morning in Asia as OPEC announced the easing of production cuts after its Joint Ministerial Monitoring Committee meeting on Wednesday.…
Crude Oil
Iran Expands Oil Production Capacity
Iran is taking a step that would seem counterintuitive in an environment of subdued demand for oil and oil products.
Crude Oil
OPEC and Russia May Ease Oil Production Cuts
Saudi Arabia, the world’s largest oil exporter, and other major oil-producing countries are likely to increase their output in August.
China Energy
China-Made Large "Offshore Oil and Gas Plant" Put into Production in Brazil
Successful oil production marks the official commissioning of this large “offshore oil and gas plant”.
Oil Field
Libya Oil Company: Russian Mercenaries Enter Major Oilfield
Russian and other foreign mercenaries have entered Libya’s largest oil field, the country's National Oil Corporation said on Friday, describing the development…
Oil Price
Pandemic, Low Oil Prices Cause Massive Drop in North Dakota State Revenue
Incoming oil and gas tax revenues for April, the latest month of data, were just $38 million — 81% below the Legislature's forecast.
Crude Oil
OPEC Changed its Forecast for Oil Production in Azerbaijan
OPEC reported in June that it predicted azerbaijan would reduce its output by an average of 70,000 barrels a day to 720,000 b/d in 2020, compared with 700,000 b…
Crude Oil
U.S. Oil Dominance is Coming to an End
The U.S. tight oil or shale rig count has fallen 69% this year from 539 in mid-March to 165 last week.

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Oil production

Breaking Down the Oil Outlook as OPEC Increases Production

Aramco Aims to Boost Production Capacity to 13 Million Bpd

Petrobras Reaches Record Buzios Output in July

Iraq Says Will Make Additional Oil Cuts in August

BP To Cut Oil Production 40% By 2030, And Invest Billions Into Green Energy

Iran Clears Oil Spill in Northern Gulf Region

Crude Shipments Resume from Pemex Floating Oil Storage Unit After Collision

Oil Down ith OPEC+ Signaling Production Cuts, While U.S.-China Tensions Rise

Iran Expands Oil Production Capacity

OPEC and Russia May Ease Oil Production Cuts

China-Made Large "Offshore Oil and Gas Plant" Put into Production in Brazil

Libya Oil Company: Russian Mercenaries Enter Major Oilfield

Pandemic, Low Oil Prices Cause Massive Drop in North Dakota State Revenue

OPEC Changed its Forecast for Oil Production in Azerbaijan

U.S. Oil Dominance is Coming to an End