Browsing: OPEC Announcements

Kazakhstan cannot reduce its oil production as it has no right to impose output reductions on international firms that are…

Saudi Arabia will review its spending priorities after the oil price decline, and will consider whether to delay or accelerate…

Kyushu Electric Power will sign a 20-year supply agreement to receive LNG from Energy Transfer’s Lake Charles export facility if…

Shell will buy TotalEnergies’ 12.5% non-operated stake in the deepwater oilfield Bonga offshore Nigeria, where the UK-based supermajor plans to…

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell this week, by 4.236 million…

Iran is reportedly prepared to halt its uranium enrichment at 60% purity, which is just below weapons-grade, in what media…

China is considering easing its recently imposed export restrictions on rare earth elements for European semiconductor companies, Chinese media reported…

Russia could consider adjusting the oil price level in its so-called budget rule amid falling oil prices, Finance Minister Anton…

The value of Russian crude oil exports have sunk in May to the lowest level in over two years, data…

Tankers sanctioned by the United States in January have been used in recent ship-to-ship (STS) transfers of Russian crude on…