Seven OPEC+ countries, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman, convened virtually on May 3 to assess global oil market conditions and outlook. The meeting resulted in a collective decisi ...
Venezuela’s crude oil exports rose by 14% month-on-month to around 1.23 million barrels per day (mmbbl/d) in April, marking the highest level recorded in more than seven years, according to shipping data and docum ...
TotalEnergies reported a 29% increase in first-quarter (Q1) adjusted net income on Wednesday, reaching $5.4 billion and exceeding the $5 billion anticipated by analysts, according to Reuters. The French energy maj ...
Tharwa Petroleum Company, a state-owned company, recorded strong operational and production results in 2025, achieving a 15% increase in output compared to the previous year following the successful drilling of fo ...
The Alexandria Petroleum Maintenance Company (Petromaint) recorded its highest-ever revenues in 2025, rising by 56% year-on-year (YoY) to EGP 11.8 billion, compared to EGP 7.6 billion in 2024. The results, which w ...
Eight members of the OPEC+ alliance have agreed to increase oil production by 206,000 barrels per day (bbl/d) starting in May 2026, as part of a gradual plan to ease earlier supply cuts and support market stabilit ...
Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia (OPEC+), are considering a major output boost on March 1 meeting, potentially surpassing the slated 411,000 barrels per day ...
Eight OPEC+ member nations agreed to maintain their pause on planned oil production increases during a virtual meeting held on February 1. The group cited seasonal demand factors and ongoing market uncertainty as ...
Ganoub El Wadi Petroleum Holding Company (Ganope) and its subsidiaries produced about 12 million barrels of crude oil during fiscal year (FY) 2024/25. This averaged approximately 32,500 barrels per day (b/d), a 6% ...
Dana Gas, one of the major natural gas companies in the Middle East, reported a 1% increase in net profits during the H1 2025,compared to the same period of last year to reach AED 270 million ($73 million) than ...
