The Organization of Petroleum Exporting Countries (OPEC) reduced its crude oil production in March, ahead of its planned production increase for May, a new Bloomberg survey showed on Tuesday.

The combined clout of the members is considerable and has proven sufficient for moving oil prices. Eight of the OPEC+ members are scheduled to lift production by another 135,000 barrels per day in ...

Indeed, industry data shows it takes, on average, seven years for an oilfield to reach production, with at least a quarter of projects taking even longer to achieve first oil. Deepwater offshore ...

Production there has dropped by around 75%. But a report out this week from the Energy Information Administration is forecasting growth in Alaskan oil output next year, predicting it’ll be the ...

The oil industry says upping production means lower prices for taxpayers, energy independence and good jobs for Americans. Is that really so? Driving through the vast, dusty expanse of West Texas ...

Meanwhile, oil prices have been slipping amid high U.S. production, plans by OPEC and its allies to gradually restore previously curtailed production, and fears of slowing global energy demand ...

CAIRO, March 23 (Reuters) - Iraq plans to raise oil production capacity to more than 6 million barrels per day (bpd) by 2029, the state news agency reported Iraq's oil ministry as saying on Sunday.

Palm oil production growth plummets to 1% from 7% Indonesia boosts biodiesel consumption, curbs exports Palm oil prices surge past soyoil amid tight supplies Biofuel demand to drive up vegoil ...

Crude oil futures rose sharply on Friday but still finished with another week of losses, as markets were pushed and pulled by OPEC's decision to go ahead with production increases starting in ...

In the current decade, production growth is likely to average 1.3 million tons a year, said analyst Thomas Mielke, executive director of Hamburg-based forecaster Oil World, less than half the ...