Saudi Arabia increased its June oil output due to geopolitical tensions, adhering to OPEC+ quotas. The extra production bolstered domestic and offshore reserves, ensuring global en...
OPEC+ has announced a strategic increase in oil production by 548,000 barrels per day starting August, with the flexibility to adjust based on market conditions. The group plans to...
OPEC+ has agreed to increase oil production by 411,000 barrels per day in May, ending voluntary cuts. The decision, based on positive market outlook, is subject to change. Next mee...
Amid US efforts to lower oil prices by increasing production, Saudi Arabia resists calls to boost output, citing economic concerns. The International Monetary Fund underscores the ...
The US oil rig count increased by seven to 479, as reported by Baker Hughes for the week ending January 31. This rise contrasts with a yearly decrease of 20 rigs, signaling potenti...
BP predicts a significant impact on its Q4 earnings due to weaker refining margins, with expected profit reductions and production declines across key segments. The company remains...
Vedanta Group Chairman Anil Agarwal announces plans to invest Rs 1 lakh crore in zinc and oil production, aiming to generate employment for 5 lakh people and develop an industrial ...
Oil prices continued to increase on Tuesday ahead of the OPEC+ meeting on December 5. The group is expected to defer its scheduled increase in oil production. Geopolitical tensions...
