8 OPEC+ members to further extend their voluntary output cuts by a month
Eight member countries of the OPEC+ oil-producing group anounced on Sunday to further extend their voluntary output cuts by a month, pushing the reductions through…
UAE in pledge to increase oil output despite fall in prices
The pledge from the United Arab Emirates (UAE) comes a year after it hosted the COP28 climate talks which ended with a call by nearly…
Big Oil Dials Up Output Growth Just as OPEC Mulls Supply Boost
Breadcrumb Trail LinksPMN BusinessExxon Mobil Corp. and Chevron Corp. capped Big Oil earnings season by revealing blockbuster increases in fossil fuel production — just as…
China to Extend Record Aluminum Output Amid Ample Power Supply
Breadcrumb Trail LinksPMN BusinessChina’s record-breaking run of aluminum output is likely to extend through the rest of the year as supply risks dissipate at a…
Russia’s Oil Drilling Slips From Record Amid OPEC+ Output Curbs
Breadcrumb Trail LinksPMN BusinessRussia’s oil firms have reduced pace of drilling from last year’s record as the nation deepened its OPEC+ production cuts.Author of the…
OPEC+ oil giants extend oil output cuts amid economic uncertainty
Russia is among the countries announcing cut extension, announcing an additional voluntary reduction of 471,000 barrels per day for the second quarter. ADVERTISEMENTSome members of…
Qatar announces new gas output boost with mega field expansion | Oil and Gas News
The overall expansion of North Field from 77mtpa currently to 142mtpa by 2030 represents an 85 percent increase in production. Qatar has announced new plans…
China’s Drive for Record Coal Output Spurs Yet Another Deadly Accident
Breadcrumb Trail LinksPMN BusinessThe human toll of ever-increasing coal production in China is once again to the fore after thirteen were killed in a mine…
China’s factory output improves, offering hope of easing economic slowdown | Business and Economy
Investment in real estate continues to fall, underscoring weakness in all-important property sector. China’s factories picked up their pace and retail sales also gained momentum…
Iran aims to boost oil output, complicating OPEC+ and US efforts
Iran plans to keep raising oil production as back-door diplomatic efforts with the US appear to be easing pressure on the Middle Eastern nation, according…
How will Saudi Arabia’s oil output cut affect prices? | Oil and Gas
Video Duration 26 minutes 00 seconds 26:00 Saudi Arabia goes it alone in cutting oil production by one million barrels a day starting in July.…
Saudi Arabia to cut oil output by 1 million barrels a day in July | OPEC News
The rest of the OPEC+ oil producers agreed to extend earlier cuts in supply through the end of 2024. Saudi Arabia has said it will…
Will the OPEC+ oil output cut make inflation worse? | OPEC
In a surprise move, OPEC+ slashes oil production by 1.6 million barrels a day starting in May. The Saudi-led oil producing group OPEC+ has signalled…
Oil prices surge after OPEC’s surprise output cuts | Energy
Price jump comes after news oil producers will slash output by about 1.16 million barrels per day. Oil prices have surged after Saudi Arabia and…
China’s factory output smashes forecasts with decade-high growth | Manufacturing
Manufacturing Purchasing Managers’ Index hits its highest reading since 2012 following Beijing’s lifting of COVID curbs. China’s manufacturing activity expanded at the fastest pace in…
India invokes emergency law to force coal plants to boost output | Economy
Directive calling on coal plants to run at full capacity comes ahead of expected surge in power usage this summer. India has invoked an emergency…
Uganda launches first oil drilling programme, targets 2025 output | Fossil Fuels News
Uganda discovered commercial oil reserves nearly 20 years ago but production has been delayed by lack of infrastructure. Uganda on Tuesday launched its first oil drilling…