Tag: Oil production
Opec+ Plans To Increase Oil Production By 648K Barrels Per Day
Opec+ decided to keep its plan to increase production by 648,000 oil barrels per day during August 2022.
This came during the organisation's meeting last...
Oman Production Of Crude Oil, Condensates Surpass 60M Barrels By February 2022
The Sultanate of Oman’s production of crude oil and condensates recorded an increase of 8.2 per cent by the end of February 2022 to...
Oman’s 2022 General State Budget Aims To Increase Oil Production To 1mn+ Barrels Per...
A Royal Decree issued by His Majesty Sultan Haitham Bin Tarik ratified the General State Budget for the year 2022. And while it grants...
Oman Oil Barrel Average Price Rises To US$67.9 Till End Of August 2021
Muscat: The Sultanate's oil production stood at 232,942,500 barrels till the end of August 2021, compared to 233,575,200 barrels till the end of August...
Saudis, Kuwait Agree to Resume Oil Production at Shared Fields
(Bloomberg) --Saudi Arabia and Kuwait agreed to resume oil production in a shared border region more than four years after halting output.
Their agreement allows...
OPEC’s flaring political crises add new risk for oil supplies
(Bloomberg) --OPEC may have no appetite to cut oil production deeper when it meets next month, but flaring political crises across the group are...
Saudi Arabia, Kuwait Make Breakthrough in Neutral Zone Talks
(Bloomberg) -- Saudi Arabia and Kuwait are the closest in years to restoring oil output from the neutral zone shared by the neighboring nations after making a...
Is There Really a Global Shortage of Crude Oil?
Bloomberg - From Russia to Saudi Arabia, Iran to Venezuela, the list of crude oil supplies being curtailed or disrupted around the world is growing...