Browsing: OPEC Announcements

State-held Kuwait Petroleum Corporation (KPC) is considering following in the footsteps of its Saudi and Abu Dhabi peers by tapping…

Supertanker rates to ship crude on the key Middle East-to-China route have surged to a six-year high as Persian Gulf…

The UK on Tuesday slapped sanctions on Russia’s oil pipeline giant Transneft and targeted Russia’s dark web of illicit oil…

Italy’s Eni is poised to reach next month a final investment decision to develop two offshore gas fields in Indonesia,…

Woodside Energy, Australia’s biggest LNG producer, on Tuesday warned that expectations of a major disruptive glut should not be taken…

India is growing more dependent on imports of crude oil, with the total share of imports in its oil consumption…

Russia is exporting crude oil at rates higher than before its 2022 invasion of Ukraine and the barrage of Western…

The risk of global oil oversupply is diminishing thanks to demand resilience, Diamondback Energy said in a letter to shareholders…

Indian refiners’ crude processing (throughput) fell by 0.2% month-on-month in January 2026, reaching 5.63 million barrels per day (bpd) or…

More than half a million homes and businesses across seven states were left without power after a winter storm swept…