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oil-production

Markets 1 day ago

IEA head says more oil stocks can be released if necessary

International Energy Agency chief Fatih Birol said Monday more strategic oil stocks could be released if necessary to limit the fallout of from the near complete blockage of supplies through the Strait of Hormuz owing to the war on Iran.

Markets 3 days ago

Fire at UAE oil hub as Iran vows retaliation for US attack on Kharg Island

Iran warned it could target United States "hideouts" in the United Arab Emirates as a major UAE energy hub suffered disruption after a drone attack on Saturday, and US President Donald Trump said "many countries" would send warships to the region.

Academia 3 months ago

New OPEC+ quotas ignite spending surge

The new MSC mechanism for setting output baselines from 2027 looks set to spur investment via a more equitable and transparent capacity measurement system, leading to a more sustainable market.

Markets 4 months ago

OPEC+ further hikes oil output

The eight key members of the OPEC+ alliance, including Saudi Arabia and Russia, on Sunday said they had agreed a further slight hike to their oil production.

Science & Tech 4 months ago

AI can help double oil-well productivity: Saudi Aramco

President and CEO Amin Nasser said Aramco, the world's biggest oil exporter, was now realising gains after investing tens of billions of dollars in computing and hiring thousands of data scientists.

Economy 5 months ago

PREMIUM
Govt identifies 45,000 community wells for development

The Energy and Mineral Resources Ministry has issued a landmark regulation legalizing the exploitation of community-owned wells.

Companies 7 months ago

PREMIUM
Pertamina eyes oil boost with first chemical injection in December

The initial CEOR phase could increase output by 2,800 barrels per day (bpd), with production rising to between 30,000 and 50,000 bpd by 2028 after further scaling.

Academia 9 months ago

PREMIUM
Israel-Iran clash: Navigating the black swan of a regional war

Current volatile dynamic could spiral into a black swan event, where an unforeseen escalation triggers global chaos, defying risk models.

Markets 10 months ago

OPEC+ agrees another accelerated oil output hike for June

OPEC+ has agreed to accelerate oil production hikes for a second consecutive month, raising output in June by 411,000 barrels per day, the group said on Saturday, despite falling prices and expectations of weaker demand.

Economy 1 year ago

PREMIUM
Govt wants exported crude oil to go to domestic refineries instead

The move to redirect some crude oil initially allocated for export may increase the oil and gas trade deficit, experts warn, urging the government to diversify the downstream oil and gas industry in order to offset potential revenue losses from reduced exports.

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