Markets

OIL PRODUCTIONS NEWSFLASH
Iran asserts independence in oil production and exports despite US sanctions.
Iran's Petroleum Minister Jawad Owji declared that the US could no longer hinder Iran's oil production and exports.
June 23, 2024
OIL PRODUCTIONS NEWSFLASH
Surge in US crude exports amid production forecast increases.
Recent developments in the US crude oil market highlight significant shifts in both production and export volumes.
June 22, 2024
OIL PRODUCTIONS NEWSFLASH
UK oil industry needs investment and political support to halt output decline.
The UK's oil industry is at a critical juncture, with projections indicating a significant decline in production unless substantial investments, totaling around £20B, are secured by the end of the decade.
June 22, 2024
OIL PRODUCTIONS NEWSFLASH
South Korea explores vast offshore oil and gas reserves.
The northeast Asian country, one of the world’s largest importers of oil and gas, has announced plans to explore significant offshore reserves off its east coast near Pohang.
June 09, 2024
OIL PRODUCTIONS NEWSFLASH
Norway's offshore oil and gas developments and record investments in 2024
June 02, 2024
OIL PRODUCTIONS NEWSFLASH
Iran's ambitious $4.6B oil project launch and production expansion
Iran is poised to embark on 32 oil industry projects totaling $4.6B, according to Petroleum Minister Jawad Owji.
June 02, 2024
OIL PRODUCTIONS NEWSFLASH
OPEC+ courts African producers to boost global market influence
OPEC+ is intensifying efforts to expand its influence by engaging with emerging African oil producers like Namibia, Senegal, and Ghana.
June 02, 2024
OIL PRODUCTIONS NEWSFLASH
EIA adjusts 2024 US crude output forecast downward
The US EIA has slightly lowered its forecast for US oil production in 2024.
June 01, 2024
OIL PRODUCTIONS NEWSFLASH
Analysts weigh in on OPEC+ strategies ahead of June meeting.
Macquarie and JP Morgan have offered insights into the upcoming OPEC+ meeting on June 1.
May 26, 2024
OIL PRODUCTIONS NEWSFLASH
Colombia and Libya pursue ambitious oil production goals amid challenges.
Colombia aims to increase its oil production to 1 MM b/d by revitalizing underutilized exploration blocks, according to Energy Minister Andrés Camacho.
May 26, 2024
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