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.
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 Western Desert Operating Petroleum Company (WEPCO), an Egyptian state‐established energy firm, has raised its daily natural gas output to 8,300 barrels of oil equivalent per day (boe/d) following the integrati ...
Despite Saudi Arabia’s announcement of cutting oil output from 10 million barrels per day (bbl/d) to 9 million bbl/d in July, Aramco said it will send full nominated volumes of crude oil to number of North Asian c ...
Saudi Arabia announced that it will implement deep oil production cut in July on top of a boarder OPEC+ deal to limit supply into 2024, Reuters added.
Iran’s South Pars Refinery should come online soon, said Mohsen Khojastehmehr in a televised interview, who added that the country's gas output capacity is anticipated to expand by 500 million cubic meters per day ...
Iran has the capacity to produce 7.4 million barrels of crude oil per day, according to the head of the office of the Supreme Leader's economic division.
ExxonMobil is unsure whether it will submit a bid for new offshore areas Guyana wants to explore because the oil company is increasing production quicker than expected and the South American nation is having troub ...
After gas production at Ukraine's Naftogaz took a 2% dip between January and August due to the Russian invasion, the company's CEO Yuriy Vitrenko indicated that he planned to restore production as a result of the ...
China’s oil production recorded increase by 19.7% in March compared to the previous year after the refineries has intensified their operations to meet the fuel demand and build up a stock.
