Eight OPEC+ producers agreed to lift crude output by 548,000 barrels per day in August, exceeding the anticipated 411,000 ...

Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in August in a move that could further reduce gas prices.

The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts ...

OPEC+ has decided to increase oil production by 548,000 barrels per day (bpd) in August. The move comes after recent market ...

In total, Indonesia has some 4500 idle wells with reactivation potential – 4200 of which are under Pertamina’s management. Of ...

OPEC+ will increase oil production even more rapidly than expected next month, as the group led by Saudi Arabia seeks to ...

Low global oil stockpiles were a major motivating factor in prompting OPEC+ members to raise production by 548,000 barrels ...

Ecuador’s state oil company, Petroecuador, has declared force majeure on its operations after both major crude pipelines, ...

MOSCOW, July 5. /TASS/. Eight OPEC+ countries adhering to voluntary oil production cuts have decided to increase production in August by 548,000 barrels per day, which is equivalent to the original ...

West Texas Intermediate (WTI) crude prices remained subdued on Friday, trading near the mid $65 range amid thin holiday ...

Our findings verify that the gas trap is both realistic and quantitatively important when it comes to the energy market in ...

Three Turkish mayors who are members of a political party that opposes Turkish President Recep Tayyip Erdogan were arrested ...