Turkmenistan, which holds the world’s fourth-largest proven natural gas reserves, produced 39.1 bcm of natural gas in the first half of 2026, up slightly from a year earlier, while China remained the country’s lar ...
The UAE increased crude oil production to more than 3.8 MMbbl/d in June, its highest level since April 2020, after leaving OPEC and OPEC+ production quotas, signaling a rapid supply recovery as global markets shif ...
Kuwait’s crude oil output surged by 184.5% month on month (M-o-M), reaching 1.65 million barrels per day (mmbl/d) in June 2026, a source familiar with the matter said on June 30, as the Organization of the Petrole ...
OPEC+ approved a fourth consecutive hike in its oil output targets, even as the ongoing US conflict with Iran continues to block several member states from raising production, Reuters reported.
Russia’s oil and gas tax revenue rose by 32.4% year-on-year (YoY) in May to 678.9 billion roubles ($9.3 billion), supported by higher global oil prices amid escalating tensions in the Middle East, according to dat ...
US energy storage developers added 9.7 gigawatt-hours (GWh) of new capacity in the first quarter (Q1) of 2026, the highest level ever recorded for that period, with a 32% year-on-year (YoY) increase, Reuters said ...
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 ...
