Kazakhstan to compensate OPEC+ for overproduction
Kazakhstan has announced that it will compensate for its oil output exceeding the OPEC+ quota in the first half of…
Browsing Tag
Oil output
IEA: Oil markets to stay well-supplied until ’30
Oil markets will supplied until 2030, though maintaining a strong focus on energy security remains crucial amid…
Oil stabilises, market waits OPEC+ supply decisions
Oil stabilised following its largest weekly decline in four weeks, as attention turned to an upcoming OPEC+ supply…
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…
Saudi Aramco set to restore one-third of lost oil output by Monday
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone…
OPEC waiting for Russia before deciding level of oil cut
OPEC has made a planned cut in oil output effectively conditional on the contribution from non-OPEC producer…
European markets ends higher after OPEC secures deal on oil output; autos fall
European markets finished Friday on a high note, as investors cheered on news coming out of an OPEC meeting in…
Putin: Extending oil output cuts will ensure stable oil prices
Russia’s President Vladimir Putin said Monday that extending oil output cuts for a further nine months would ensure…
Saudi Arabia tells US oil firms: Don’t expect OPEC cuts to offset rising shale output
Senior Saudi energy officials told top independent U.S. oil firms in a closed-door meeting this week that they…
