Browsing: OPEC Announcements

Oil prices fell sharply in early Asian trade on Thursday, with both major crude benchmarks retreating by around 3 percent…

Oil traders and shipping companies are scrambling to expand tanker operations to move Venezuelan crude as Washington prepares to take…

Industry consultant Enverus has predicted that Venezuela will increase oil production 50% and hit 1.5 million barrels a day by…

Kazakhstan cut oil production in December by more than 200 Kb/d, with output averaging 1.522 million barrels per day in…

Brent Crude prices have the potential to hit $70 per barrel over the next three months amid heightened geopolitical risks,…

China is expected to see a plunge in imports of oil from Venezuela in February as the now month-long U.S.…

ExxonMobil and Shell have decided not to proceed with a planned sale of their joint assets in the southern UK…

ExxonMobil and Shell have decided not to proceed with a planned sale of their joint assets in the southern UK…

The UK on Wednesday awarded a record-breaking 8.4 gigawatts (GW) capacity of offshore wind in its latest auction round, which…

India’s largest state-owned refiner, Indian Oil Corporation (IOC), has bought its first-ever crude from Ecuador as it seeks to replace…