oil production

Saudi Arabia’s Aramco share offering has gotten off to a flying start, with investor demand surpassing the initial amount of shares on offer within a very short timeframe. This overwhelming …

Russia admitted to exceeding its oil production quota for April, attributing it to technical challenges. This surprise move casts doubt on Russia’s commitment to coordinated production cuts with OPEC+, a …

Venezuela’s oil industry is on the rise after Chevron restarted drilling operations. This follows the US easing sanctions on Venezuelan oil in October 2023. The new drilling program is expected …

Protests originating in the Fezzan region of southern Libya have led to the complete shutdown of production at the Sharara oilfield, according to two engineers who spoke with Reuters on …

Nigeria, Africa’s largest oil producer and exporter, has announced an ambitious plan to increase its oil and condensate output to 2.6 million barrels per day (bpd) by 2026, up from …

The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, are set to meet this weekend to discuss the possibility of further reducing oil production amid a …