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oil-production

Oil prices surge as Saudi Arabia pledges to cut output
Business 4 years ago

Oil prices surge as Saudi Arabia pledges to cut output

The price of the main United States oil contract, WTI, jumped more than five percent higher at one p...
OPEC+ ministers adjourn without deal on February production levels
Business 4 years ago

OPEC+ ministers adjourn without deal on February production levels

The OPEC+ ministerial meeting came after the COVID-19 pandemic tanked the market for crude in 2020....
OPEC+ meeting Tuesday will seek to agree on extended production cuts
Business 4 years ago

OPEC+ meeting Tuesday will seek to agree on extended production cuts

In April, OPEC members agreed to cut production by 7.7 million barrels per day (bpd), which was mean...
OPEC laggards called out in Saudi push for cuts compliance
Business 4 years ago

OPEC laggards called out in Saudi push for cuts compliance

Last month, ministers of OPEC nations and other major oil producers stuck to an agreement to lower p...
75 years later, with Indonesia’s oil industry in decay, options are wide open
Business 4 years ago

PREMIUM
75 years later, with Indonesia’s oil industry in decay, options are wide open

The oil industry was once Indonesia’s growth engine, but conditions quickly went downhill star...
Oil giants' production cuts come to 1 million bpd as they post massive writedowns
Business 4 years ago

Oil giants' production cuts come to 1 million bpd as they post massive writedowns

The world’s five largest oil companies collectively cut the value of their assets by nearly US...
Oil falls as worsening pandemic threatens recovery
Business 4 years ago

Oil falls as worsening pandemic threatens recovery

Oil prices dipped on Monday, weighed down by the prospect that a rise in the pace of coronavirus inf...
Oil prices get big impetus from supply cuts
Opinion 5 years ago

Oil prices get big impetus from supply cuts

While general euphoria around the world’s emergence from COVID-19 and demand recovery are fact...
COVID-19 wreaks havoc on oil markets as Chinese demand slumps
Opinion 5 years ago

COVID-19 wreaks havoc on oil markets as Chinese demand slumps

Oil prices have been in freefall since Jan. 20, when news of a dangerous, highly contagious coronavi...
‘Fastest extension’: Contracts signed for West Ganal and Pangkah oil and gas blocks
Business 5 years ago

PREMIUM
‘Fastest extension’: Contracts signed for West Ganal and Pangkah oil and gas blocks

The Energy and Mineral Resources Ministry announced on Friday the signing of contracts with several ...
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