US Shale Oil Production Expected to Record 8.1 M (b/d), Highest Since May 2020

• Tuesday, 17th August 2021
• by Sarah Samir

US shale oil production is projected to reach 8.1 million barrels per day (b/d) in September 2021, recording the highest production levels since May 2020.

ADIPEC Dialogue Reveals Manufacturing Crucial For Oil Market Recovery

• Wednesday, 10th June 2020
• by Editorial Team

The latest ADIPEC Energy Dialogue maintains that manufacturing is key to the mid-term revival of the oil and gas markets as consumer demand is expected to lag.

OPEC Cuts Necessary for High Oil Prices: Qatar

• Thursday, 5th April 2018
• by Editorial Team

Qater has affirmed the need to maintain current oil supply curbs over the long-term to ensure the market continues to stabilise and guarantee that prices fully recover from the 2014 crash.

OPEC, Russia Consider 10-20 Year Oil Alliance

• Wednesday, 28th March 2018
• by Editorial Team

Riyadh and Moscow are considering extending Russia’s current short-term alliance with OPEC to curb oil production that began in January 2017 after a crash in crude prices.

Saudi Arabia Offsets OPEC Cuts with Record Fuel Exports

• Wednesday, 21st March 2018
• by Editorial Team

Saudi Arabia exported a record amount of gasoline and diesel in January 2018, helping the kingdom to offset the crude production cuts mandated by OPEC.

Oil Producers Extend Output Cuts for 9 Months

• Monday, 29th May 2017
• by Editorial Team

Oil producers chose to extend supply cuts of 1.8mb/d for nine extra months, amidst a global glut of crude and rising US shale gas production.

Saudi Arabia Aims Barrel Price to Hit $60

• Tuesday, 28th February 2017
• by Editorial Team

Saudi Arabia wants crude oil prices to rise to around $60 a barrel in 2017, five sources from OPEC countries and the oil industry said.