US Agency Expects Oil Production to Grow in 2025 Despite Opec+ Decision
Wedoany.com Report-Dec 12,The US Energy Information Administration (EIA) expects global oil production to increase next year, with the bulk coming from countries outside the Opec+ group. Last week, Op...
OPEC+ Delays Revival of Its Oil Production by 3 Months
Wedoany.com Report-Dec 06, OPEC+ delayed the revival of its oil production by three months, the third time it’s deferred the move while crude prices struggle amid a looming surplus. The group le...
OPEC+ Production Cuts May Have Caused Irreparable Rival Supply, Iran Official Says
Wedoany.com Report-Nov 27, OPEC+ has little scope to reverse its oil production cuts, which have triggered a wave of rival supply from the U.S. shale industry, Iran’s representative to the group...
Opec+ Extends Voluntary Oil Production Cuts By 2.2 Mln BPD Until Late Dec
Wedoany.com Report-Nov 5, Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman are extending voluntary oil production cuts by 2.2 million bpd for one month until the ...
Exxon Beats Estimates on Higher Permian Basin Oil Production
Wedoany.com Report-Nov 2, Exxon Mobil Corp. beat analysts’ estimates as higher oil production from the US Permian Basin helped cushion a drop in crude prices and tightening refining margins. Exx...
US Oil Production Hits Another Record, Adding to Supply Worries
Wedoany.com Report-Nov 1, US oil production jumped to a fresh monthly record of 13.4 million barrels a day in August, in what is likely to make OPEC’s decision on whether to return supplies to t...
Guyana Oil Production Drops 11% Due to Maintenance, Hess Says
Wedoany.com Report-Oct 30 , Guyana’s oil output dropped 11% in the third quarter as Exxon Mobil Corp. temporarily shut down two of its three production vessels to connect a new gas-to-shore pipe...
South Sudan Official Says To Resume Pumping Oil Through Sudan In A Few Days
South Sudan will resume pumping crude oil for export through a port in neighbouring Sudan within a few days, a South Sudanese government official told Reuters on Thursday, following repairs to a key p...
Petro Matad Set To Start Oil Production From Heron-1 Well In Mongolia This Week
Wedoany.com Report-Oct 24, Petro Matad, a Mongolia-based oil exploration company, has announced its schedule for the commencement of oil production at the Heron-1 well within the Block XX production s...
Nigeria Targets 3m Barrels Per Day Output As Oil Reforms Attract $50bn Investments
Wedoany.com Report-Oct 10，Oil sector fiscal reforms by the Federal Government have attracted more than $50 billion investments for the country. Remarkably, an investors, that is impressed by the fiscal...