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OPEC+ Delays Cut Rollback as Big Oil Production Hits Highs
While the OPEC+ group is trying to manage oil supply to the market, the world’s largest international oil companies are raising their production, with the U.S. supermajors hitting record highs.
read more... 06/11/2024
OPEC cuts 2024, 2025 global oil demand growth view again
OPEC on Monday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also lowered its projection for next year, marking the producer group's third consecutive downward revision.
read more... 15/10/2024
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Saudi Arabia's crude oil exports in July hit almost one-year low
Saudi Arabia's crude oil exports in July fell to their lowest level in nearly a year, data from the Joint Organizations Data Initiative (JODI) showed on Thursday.
read more... 19/09/2024
Italy Shuts the Door on New Oil Exploration
Itay will no longer grant concessions for oil and condensate exploration and production, a draft of a new government decree shows.
read more... 18/09/2024
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Norway calls on oil firms to boost exploration and investment
Norwegian oil and gas companies should boost investments in exploration and production to slow an expected decline in the country's output in the coming years, the national petroleum industry regulator said in a resource report on Wednesday.
read more... 22/08/2024