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…
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…
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…
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…
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…
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 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…
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.…
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…
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…
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…
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…
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 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…
China’s economy lost more steam in November as factory output slowed and retail sales extended declines, both missing forecasts and clocking their worst readings in…