Despite a sharp decline in oil prices to multi-year lows, an OPEC+ committee meeting on Apr. 5 emphasized the critical need for member nations to adhere to their production quotas and compensation plans.
April 12, 2025
The oil cartel began Mar. with a production decrease to 27.43 MM /d, down 110K b/d, aiming to improve member compliance with quotas, particularly in Nigeria and Iraq.
April 06, 2025
The Jan. output in the US fell to 13.15MM /d, the lowest level in over a year, according to the US Energy Information Administration (EIA).
April 06, 2025
The Central Asian country's combined crude oil and condensate production reached a record high of 2.17MM b/d in Mar., consistently exceeding its OPEC+ crude oil quota of 1.468MM b/d.
April 06, 2025
In Norway, Equinor Energy AS has awarded Technip FMC a contract for the Johan Sverdrup Phase 3 development in the Norwegian North Sea.
March 30, 2025
US oil executives, while welcoming President Trump's pro-energy stance and deregulation efforts, harbor concerns about his push for lower oil prices.
March 22, 2025
The Trump administration is prioritizing Alaskan energy development and reversing prior Biden administration restrictions.
March 22, 2025
Eight OPEC+ nations agreed to increase crude production from Apr., unwinding 2.2MM b/d of
March 08, 2025
Kazakhstan's oil production reached a record high of 2.12MM b/d in Feb., a 13% increase from Jan. driven by a significant rise in output at the Tengiz oilfield..
March 08, 2025
2025-03-08
March 08, 2025
