Clean energy investment to surpass oil productions – report
A new report published on Thursday by the International Energy Agency (IEA) revealed clean energy investment is…
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oil production
Gold mines produce more emissions than Africa’s largest oil country
Gold mines consume around 11 percent of global energy, resulting in annual carbon dioxide emissions of around 126.4…
Russian Lukoil to produce 250k barrels/day from Iraq’s Eridu field
Lukoil Company, the second largest oil production company in Russia, said on Monday that it will produce 250,000…
OPEC, OPEC+ agree to historic 10 million barrel/day production cut amid coronavirus impact
OPEC and its allies, known as OPEC+, have agreed on Thursday to historic production cuts that will take 10 million…
Iran reduces oil production projects on lack of funds
Iran has had to reduce oil production projects on a lack of funds and a drop in income from oil exports, Oil…
OPEC, Russia may extend oil production cuts through midyear
OPEC and Russia are expected to extend their oil production deal at least through midyear. However, if they were to…
OPEC to extend oil production curbs as meeting starts in Vienna
Ahead of a meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies in Vienna, the…
Oil prices climb above $49 a barrel on Saudi-Russian output agreement
Oil prices climbed on Monday more than 3 percent after Saudi Arabia and Russia agreed to extend production cuts…
IMF cuts Saudi Arabia growth forecast on lower oil output
The International Monetary Fund (IMF) has cut on Tuesday its growth outlook for Saudi Arabia on lower oil…
Oil prices climb as OPEC meets to persuade non-members to cut oil production
The Organization of Petroleum Exporting Countries (OPEC) will meet on Saturday non-OPEC nations in Vienna with the…