Browsing: Oil Production

Russia slashed its oil output in March by 40% more than previously announced, Bloomberg has reported, citing a source familiar…

In a surprising move, Saudi Arabia and the OPEC+ group of producers have announced a cut in oil production of…

Shipments of Russian seaborne crude declined last week but there is no substantial evidence that Moscow is implementing a 500,000-barrels-a-day…

The same rule applies to the country’s crude, according to earlier guidance from the department. Seaborne deliveries of Russian petroleum…

reduction may come in response to the G7 price cap on the country’s crude exports, Deputy Prime Minister Aleksandr Novak…

The nation’s exports could exceed its imports next year for the first time since World War II, according to the…

Oman’s energy minister says the restrictions on Russia could spread globallyMajor oil producers are concerned about the price cap imposed…

Chevron will be allowed to resume operations in the country as long as Caracas does not profit from sales. The…

Steven Sahiounie, journalist and political commentator The International Monetary Fund (IMF) has warned that the US dollar dominance as the…

On Tuesday, benchmark oil prices rose to their highest level since 2014, owing to the possibility of supply disruption following…