oil production

Saudi Arabia’s crude production increased by 13,000 barrels per day in April to reach 8.99 million, according to an analysis from the Joint Organizations Data Initiative. The data indicated that exports over the same month saw a decline…
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Oil prices ticked higher on Wednesday amid upbeat global demand views from the US Energy Information Administration and OPEC, reinforced by industry data showing US crude oil inventories fell more than expected last week, according to…
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The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, on Sunday agreed to extend most of its deep oil output cuts for 2024 but to start phasing them out in 2025 The decision seeks to shore up the market…
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Saudi Arabia announced on Sunday it would extend oil supply cuts through June as part of a bid to prop up prices. An Energy Ministry source announced Riyadh “will extend its voluntary cut of 1 million barrels per day, which was…
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Production at Libya’s largest oil field was suspended Sunday, the country’s state-run oil company said, after protesters forced the facility to close over fuel shortages. The National Oil Corp. declared force majeure at the Sharara oil…
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