OPEC+ members in Vienna have agreed to extend crude production cuts into 2024. In a statement, the cartel said that it was acting ” to achieve and sustain a stable oil market,” and that it […]
Saudis offers new voluntary cuts of 1 mln bpd for July Russian, Nigerian, Angolan targets brought in line with output UAE allowed to raise production (Reuters) – Saudi Arabia will make deep production cuts in […]
Commentary by Ben Cahill Published June 2, 2023 There is growing speculation that the Organization of the Petroleum Exporting Countries and allied producers (OPEC+) will agree on June 4 to cut production. Brent crude prices fell below $73 […]
VIENNA, June 4 (Reuters) – OPEC and its allies met on Sunday to try to agree further cuts in production, sources told Reuters, as the group faces flagging oil prices and a looming supply glut. […]
Video Duration 28 minutes 00 seconds 28:00 Foreign ministers of the BRICS nations have been meeting in Cape Town with South Africa hosting fellow members Brazil, Russia, India and China. The group began somewhat informally […]
Chinese scientists broke ground Tuesday on a planned 10,000-meter (32,808) foot hole into the Earth’s crust – the country’s deepest ever borehole according to Bloomberg, citing the Xinhua state-run news agency. The shaft will penetrate […]
By Charles Kennedy of OilPrice.com, ExxonMobil and Chevron could gain access to Algeria’s vast natural gas resources as the U.S. supermajors are in advanced talks for exploration and production deals in the North African country, […]
BERLIN (AP) — A senior United Arab Emirates official says the Gulf nation wants the U.N. climate summit it’s hosting later this year to deliver “game-changing results” for international efforts to curb global warming, but doing so […]
When I arrived a few months ago at one of the largest oil and gas industry conferences in Madrid, for a moment I thought I had come to the wrong place. The display of heavy […]
Australia-based engineer-contractor Worley said May 30 it has completed the sale of its North American unit for refinery and petrochemical plant turnaround and maintenance services to Canada-based CAM Industrial Solutions—as it continues a push into […]
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