Browsing: OPEC Announcements

Australia and Timor-Leste call for the Greater Sunrise offshore gas project to be developed as soon as possible, the two…

The offshore Tengiz oil field should return to usual production rates within a week, Kazakhstan’s energy minister said today, as…

China built a total of 543 GW in new power generation capacity last year, which was more than any other…

The U.S. federal government is discussing the removal of some sanctions on Venezuela’s oil industry to make it easier for…

Editors note: The API data in this article does not fully reflect Winter Storm Fern’s impact on oil markets.The American…

Oil prices jumped on Tuesday as the market priced in fundamentals once again, showing that when U.S. infrastructure gets punched…

Russian crude is piling up at sea as India’s refiners step back from purchases, leaving Moscow with millions of barrels…

Offers of Venezuelan crude to India are limited, and in small volumes, as most of the oil under U.S. control…

Winter storm Fern has slashed U.S. oil and gas production as operators curtailed output amid the big freeze.Over the weekend,…

Chinese state-owned giant PetroChina, which hasn’t bought Venezuelan crude since the U.S. imposed sanctions on Venezuela in 2019, is not…