Tag: Oil Production
Saudi Arabia on track to lift oil output to over 13mn...
Saudi Arabia’s energy minister Prince Abdulaziz bin Salman has stated that the kingdom is on track to increase its oil production capacity by more...
Saudi Aramco to ramp up its oil production & trade by...
Saudi Aramco, the world's largest oil-exporting company, is planning to raise its daily oil production capacity from 12 million to 13 million barrels per...
UAE and Saudi Arabia near compromise in oil output deal
Saudi Arabia and the UAE have reportedly reached the outline of a deal that would unlock an agreement by the Organization of the Petroleum...
OPEC+ to ease production restrictions from May despite rising COVID-19 cases
OPEC+, an international collective formed by the Organization of the Petroleum Exporting Countries (OPEC) along with Russia and their allies, have decided to continue...
OPEC+ decides to keep global oil supply in check; Prioritizes recovery
Saudi Arabia and its OPEC+ (Organization of the Petroleum Exporting Countries) allies has shocked the oil market with a decision to keep supply in...
OPEC+ faced with crucial decisions after a tough 2020
As one of the most stormy years in oil’s history ends, an important task now awaits OPEC+ (Organization of the Petroleum Exporting Countries).
The alliance...
Russia begins much-criticized Vostok Oil project in fragile arctic
The Russia-based integrated energy company, Rosneft will soon begin its operations for its giant Vostok oil project in the Arctic, a project which has...
Kuwait will comply with any OPEC+ production cuts; Oil Minister
Kuwait's Oil Minister Khaled al-Fadhel emphasized that his country will back any decision made by OPEC and its allies on future oil supply policy...
