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Crude Oil
Brazil’s Oil Major Plans To Invest $68 Billion In Boosting Production
Brazil’s Petrobras plans to invest $68 billion in expanding its crude oil production, a figure that represents 84 percent of its total planned investments for …
Crude Oil
Russia’s Oil Reserves Are Becoming Increasingly Hard To Recover
Nearly all of Russia’s oil production will consist of the so-called hard-to-recover crude reserves unless the country speeds up and incentivizes exploration
Oil Field
Repsol Shuts in Yme Field Only Weeks After Start-Up
Spanish oil and gas company Repsol has been forced to halt production from its Yme field off Norway, less than a month after the oil production started.
Crude Oil
Colombia Desperately Needs To Ramp Up Its Oil Production
The COVID-19 pandemic has taken a particularly harsh toll on Colombia’s economically-dependent oil and gas industry.
Crude Oil
OPEC+ Pumped Less Oil Than Agreed In October
The OPEC+ group’s compliance rate with the oil production cuts rose to 116 percent in October from 115 percent in September,
Crude Oil
Japan to Subsidise Refiners to Ease Oil Price Impact
Japan is planning to give subsidies to the country's refiners for the first time to offset the impact of surging oil prices on domestic oil product values.
Crude Oil
Adipec 2021: Adnoc to Invest $6bn in drilling as it boosts crude oil production capacity
More than $1.8bn worth of Drilling-Related Equipment will be Made in the UAE
India
India Looks To Increase Oil Production By Selling Stakes In Oilfields
India, which imports around 80 percent of the oil it consumes, is looking to boost its domestic oil production and has reportedly asked its state-owned producer…
Crude Oil
OPEC Rejects Biden’s Call for More Oil
OPEC+ headed for a clash with the U.S. as more members rejected President Joe Biden’s call for the group to raise oil production faster and help reduce gasolin…
Mexico
Mexico's Pemex Back in Red Despite Oil Production Uptick
Higher tax payments and foreign exchange losses pushed Mexico's Petroleos Mexicanos back into the red in the third quarter, even as crude production recovered…
OPEC
Saudi Oil Minister: OPEC+ Shouldn't Rush To Boost Production
Saudi Oil Minister: OPEC+ needs to remain cautious with its approach to oil production adjustments despite rising prices
Crude Oil
China's Crude Oil Output Picks up in September
China's crude oil production rose 3.2 percent year on year to 16.61 million tonnes in September, according to the National Bureau of Statistics.
Oil & Gas Supply
Norway's August Oil Output Beats Forecast, Gas Lags
Norway's oil production beat official expectations in August, while its natural gas output lagged, preliminary data from the Norwegian Petroleum Directorate sho…
Oil & Gas Supply
OPEC+ Boosts Compliance With Oil Production Cuts To 116%
The OPEC+ group of producers raised their compliance with the ongoing collective production cuts to 116 percent in August, up from 109 percent compliance in Jul…
Market Analysis
IEA Cuts Forecast for India's 2021 Oil Product Demand
The IEA has lowered its 2021 oil products demand growth estimates for India, with notable cuts to its forecasts for diesel and jet fuel consumption.
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