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Crude Oil
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 & Gas Supply
US Shale Oil Production Growth Revised Downward, Natural Gas Outlook Rises: EIA
The US shale oil production forecast was revised downward in March by 116,000 b/d, although it is now expected to hit the previous March projection in April, th…
Crude Oil
Brazil Assures US it will Increase Oil Production
The Brazilian government on Monday (Mar 14) assured the United States it will increase its oil production, a decision that could help ease concerns over global …
Crude Oil
Again, Crude Oil Production by OPEC, Allies Falls by 890,000 bpd
Despite the decision of the Organisation of Petroleum Exporting Countries (OPEC) and its allies, OPEC+, to raise crude oil production by 340,000 barrels per day…
Oil & Gas Supply
Iraq's Oil Supply Compatible with Global Demand
Iraq said on Wednesday that its crude oil exports are in line with the consumption in the world oil market, ruling out the need to increase oil production.
Crude Oil
U.S. Crude Oil Production Unchanged Last Week: EIA
U.S. crude oil production averaged 11.6 million barrels per day (b/d) during the week ending Feb. 25, unchanged from the previous week, U.S. Energy Information …
Crude Oil
Oil Production from Northeast India Expected at 6.85 mt in 4 years: HS Puri
The petroleum sector to play a crucial role in the North East region’s industrial growth.
Crude Oil
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 Oil
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…
Crude Oil
OPEC+ Set To Continue With 400,000 Bpd Production Increase
The OPEC+ group is expected to decide next week whether it should continue unwinding the oil production cuts by another 400,000 barrels per day in March
Crude Oil
Guyana’s Oil Production To Increase Three-Fold Next Month
Exxon plans to begin oil production from a second platform offshore Guyana next month
CNOOC
Chinese Oil Major CNOOC Targets Record High Production This Decade
CNOOC set its production target at 600 million to 610 million barrels of oil equivalent (boe) for 2022, up from the 2021 target of 545-555 million boe
Crude Oil
Global Oil Supply Set to Outpace Demand Amid Higher Production, IEA Says
The surge in new Covid cases is expected to 'temporarily slow' but not upend the recovery in demand
Crude Oil
OPEC+ Undershoots Oil Production Target Again
The OPEC+ group delivered the 400,000-bpd production increase in November, but it was still more than half a million barrels per day short of its overall oil pr…
Crude Oil
Iraqi Crude Output Rises to 18-month High of 4.21 mil b/d in Nov: SOMO
Iraqi crude oil production, including flows from the semi-autonomous Kurdistan region, rose to an 18-month high of 4.208 million b/d in November.
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