oil production

The oil market is facing considerable instability, with OPEC+ grappling to maintain price stability. Meanwhile, U.S. gas prices have seen a dramatic decline, providing relief for consumers but raising concerns…

Woodside Energy Group Ltd (ASX: WDS) saw its share price rise by 0.6% to $23.94 in morning trading today, following a period of flat performance at $23.79 per share. This…

The federal embargo on oil exports from Iraq’s semi-autonomous Kurdish Region (KRI) remains officially in place, but the region’s oil production has surged to approximately 250,000 barrels per day (bpd),…

In response to a significant drop in oil prices, OPEC+ has agreed to postpone a planned increase in oil production. The decision, which delays a proposed output hike by two…

Saudi Arabia, historically the lowest-cost oil producer globally, is now grappling with increasing breakeven oil prices due to its ambitious Vision 2030 economic diversification plan. The International Monetary Fund (IMF)…

Energy sources are crucial to the modern world, and natural gas has emerged as one of the primary fuels for electricity generation, industrial processes, and residential heating. Liquefied Natural Gas…

Despite a minor increase in bullish positions last week, portfolio managers have significantly reduced their long positions in oil futures over the past two months, driven by concerns about slowing…

South America is increasingly pivotal to global crude oil supply growth as production in other regions remains stagnant. Brazil, Guyana, and Argentina are leading the charge, with Venezuela also experiencing…

OPEC+ is contemplating postponing a scheduled increase in oil production for next month as oil prices reach their lowest point in nine months, sources within the group. One source indicated…

Oil prices stabilized near their lowest closing levels since June 2023 as the market digested a significant draw in U.S. crude stockpiles, following a steep decline earlier this week. Brent…