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OPEC+ may bring its meeting forward to Saturday to approve another oil production hike, though actual supply increases remain ...
Crude futures settled lower. The market was restrained by the widely held view that OPEC+ will agree to bring back another 411,000 barrels a day in August. U.S. natural gas futures fell going into the ...
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Iraq develops 113 oil wells in capacity expansion plan
Iraq developed 113 oil wells in the first half of 2025 as it pushed ahead with plans to expand its crude output capacity by more than 50 percent. The developed wells include 27 newly drilled producing ...
Eight OPEC+ countries are likely to make another accelerated oil output increase for August at a meeting on Saturday, sources ...
VIENNA -- The Organization of the Petroleum Exporting Countries (OPEC) launched the 2025 edition of its Annual Statistical ...
Key OPEC+ members brought forward to Saturday an online meeting where they’re set to consider a fourth bumper oil production ...
Oil was trading slightly lower ahead of an OPEC+ meeting on July 6 that is set to deliver another oversized production hike.
The NYMEX August West Texas Intermediate contract was down by 53cts to $66.92/bbl and September WTI was off by 51cts to $65.50/bbl. Both the September and October Brent crude contracts were 47cts ...
Global oil production fell by 1% in 2024 while demand continued to grow, widening the supply gap, OPEC reported.
The physical volume of oil exports by OPEC countries in 2024 decreased by 3.55% to 19.01 mln barrels per day. OPEC's share of global oil deliveries was 43.96% last year, which is slightly lower than ...
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The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri yesterday said the Federal Government has ...