If approved, this would bring OPEC+'s total supply increase for the year to 1.78 million bpd, equivalent to more than 1.5% of ...

Crude oil edged lower after posting their steepest weekly loss in more than two years, as fears over Middle East supply ...

Saudi Arabia's decision to increase oil supply despite falling prices is seen as a strategic move to consolidate market share and force out rivals. Saudi Arabia is a master of the oil game. Skip ...

Oil production has increased at the Tengiz field in Kazakhstan, ... eight countries that belong to the oil cartel known as OPEC Plus said they would add about 411,000 barrels of oil a day in June.

Astana has infuriated Riyadh by ramping up output at a new project to expand its giant Tengiz oil field, in partnership with international majors like Chevron Corp.

January’s Non-OPEC oil production decreased by 267 kb/d to 53,187 kb/d. ... (Buzios 7) in mid-February at the Buzios field, located in the pre-salt layer of the Santos Basin, ...

News; Nation/World; OPEC+ members say they will fast-track oil output May 31, 2025 Updated Sat., May 31, 2025 at 7:02 p.m. Analysts say that despite worries about the longer term, there may be ...

While BNP Paribas sees some strength in oil during the summer as lower production from Iran and Venezuela "compensates" for the OPEC output unwind and refinery maintenance is wound down, it ...

The IEA predicts that within five years, Mexico's daily oil production (including condensate) will drop from 1.97 million barrels to 1.29 million barrels. Additionally, the IEA also forecasts that in ...

BP Plc, TotalEnergies SE and Eni SpA have reduced staff at oil fields in Iraq as a precaution, as tensions escalate in the region.