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oil-production

OPEC+ expected to stay course on oil output boost
Markets 3 years ago

OPEC+ expected to stay course on oil output boost

Major oil producers led by Saudi Arabia and Russia are expected to stick to a previously decided out...
Saudi Aramco becomes world's most valuable company
Companies 3 years ago

Saudi Aramco becomes world's most valuable company

Saudi Aramco has dethroned Apple as the world's most valuable company as surging oil prices drov...
Japan presses UAE to pump more oil as Ukraine war spikes prices
Asia & Pacific 3 years ago

Japan presses UAE to pump more oil as Ukraine war spikes prices

The plea by Japan's Foreign Minister Yoshimasa Hayashi came during meetings with Emirati officia...
Top oil producers eye modest output boost as prices surge
Markets 3 years ago

Top oil producers eye modest output boost as prices surge

The 23 members of the OPEC+ oil cartel, who meet on Wednesday, are expected to stick to their guns a...
Oil output could plummet 87% by 2040: National Energy Board
Business 4 years ago

PREMIUM
Oil output could plummet 87% by 2040: National Energy Board

A drastic drop in production is expected over the coming decades unless decisive action is taken, wh...
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 5 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 5 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 5 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...
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