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 ...
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 ...
Iran has commenced the drilling operations in the Forouzan oilfield in order to sustain and enhance oil output of the joint field between the Iranian Offshore Oil Company (IOOC), Petropars Group, and Mobinasazeh G ...
Venezuela’s state-run PDVSA is set to recover a portion of the oil output lost in recent months by boosting crude blending operations at its main producing region, the Orinoco Belt.
Russia’s oil output has increased during June, reaching an average of 11.15 million barrels per day (b/d).
Libya's crude oil output decreased by 70,000 barrels per day due to halting production at the El Feel oil field on February 24th.
NOC has been facing continuous delays in receiving budget money from the Libyan government, stated Mustafa Sanalla, NOC's Head.
