oil production

KEY POINTS Tripoli will host the fourth edition of the Libyan Energy & Economic Summit (LEES) from January 24 to 26, 2026, marking the first time the event will span …

OPEC+ denies speculation about postponing its April oil supply hike, with Russia confirming production increases remain on schedule.

Congo advances energy ambitions with refinery upgrades, gas projects, and a 2027 oil production target of 500,000 barrels/day.

Nigeria, Angola, and Algeria lead Africa’s oil production, driving economies while navigating structural challenges and global market fluctuations.

Shell Nigeria approves Bonga North project, aiming for 110,000 barrels per day, boosting oil production and economic growth.

Libya’s economy is poised for growth in 2025, driven by rising oil production and critical economic reforms, says IMF.

ExxonMobil plans to sell assets in North Dakota’s Bakken shale to focus on high-growth resources, part of its strategy following the Pioneer merger.

Hurricane Francine disrupts Louisiana energy hubs and agricultural exports as it nears landfall, halting oil production and closing key ports.

OPEC+ keeps its current oil output policy unchanged, hinting at a possible pause or reversal of planned production hikes in October to stabilize the market.

Oil prices rebound after initial fears of Hurricane Beryl disrupting oil production in the Gulf of Mexico subsided. Updated forecasts show the storm will spare key oil fields. However, analysts …