Libya targets $4b investment to boost oil output
Libya requires $3-4 billion to increase its oil production to 1.6 million barrels per day (bpd), Acting Oil and Gas…
Browsing Tag
barrels per day (bpd)
OPEC+ forecasts robust global oil demand
OPEC+ reaffirmed its prediction of robust global oil demand growth for 2024, despite lower first-quarter usage,…
Indonesia foresees 29% surge in oil, gas investments in ’24
Indonesia foresees a 29 per cent surge in oil and gas investments for 2024, driven by intensified drilling and…
URGENT: OPEC+ 24-25 oil demand forecast unchanged
OPEC+ maintains oil movement forecast for 2024/2025 from last month, as per the group's monthly report released on…
OPEC+ keeps output policy unchanged
OPEC+ ministers kept output policy unchanged due to the oil market aligning with the group's preferences,…
S. Arabia oil production expansion halt due to transition – minister
Saudi Arabia plans to reduce its long-term oil production capacity expansion was due to energy transition, Reuters…
S. Arabia’s economy shrinks in Q4 ’23
Saudi Arabia’s economy shrank in the fourth quarter after it continued to reduce oil output in an effort to raise…
Saudi Aramco requested to cut max capacity target back to 12 mbpd
Saudi Aramco said on Tuesday it was directed to lower its planned maximum sustainable oil production capacity from…
US dollar, oil up in early Wednesday trade
Oil prices were up in early Wednesday trade. Brent crude rose by 0.43 per cent, or 0.34 cents, reaching $79.89 a…