Iraq (Federal Iraq and Kurdistan Regional Government) is the second-largest crude oil producer in OPEC after Saudi Arabia. It holds the world’s fifth-largest proved crude oil reserves, at 145 billion barrels, representing 17% of proved reserves […]
SINGAPORE, Oct 3 (Reuters) – Oil prices jumped more than 3% in early Asian trade on Monday as OPEC+ considers cutting output of up to 1 million barrels per day at a meeting this week […]
DUBAI, Sept 29 (Reuters) – Leading OPEC+ members have begun discussions about an oil output cut at the group’s next meeting on Oct. 5, three sources told Reuters. One OPEC source told Reuters a cut […]
Russia will likely propose a cut of 1 million barrels per day in production output at the next OPEC+ meeting, according to a new report from Reuters. The report came on the heels of comments […]
Oil demand has remained resilient in the face of a multitude of challenges. OPEC+ has fallen behind more than 3.5 million bpd on its output goals. The DoE has no immediate plans to start refilling […]
According to OPECs Monthly Oil Market Report, published September 13th, The cartel raised its August oil production by 618,000 barrels per day. Currently OPEC is producing 29.651 million barrels per day, with Libya and Saudi […]
Global employment in the energy sector has risen above its pre-pandemic levels, led by increased hiring in clean energy, the International Energy Agency (IEA) said in its latest report. In its World Energy Employment Report, […]
In an interview with Energy Intelligence on Tuesday, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman elaborated on the thinking behind Opec-plus’ latest policy decisions and his outlook on global oil markets. Below is a […]
September 7, 2022 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, August 2022 We forecast that members of OPEC will collectively earn $842 billion in revenues from oil exports in 2022, the most (adjusted […]
September 7, 2022 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, August 2022 We forecast that members of OPEC will collectively earn $842 billion in revenues from oil exports in 2022, the most (adjusted […]
Copyright © 2025 | Sandstone Group