Markets

OIL PRODUCTIONS NEWSFLASH
US oil production on track for record year despite flat growth outlook: 2024 insights revealed.
The U.S. oil production landscape in 2024 presents a paradox: despite stagnant growth over the past 10 months, the country is poised to achieve a new annual production record.
June 29, 2024
OIL PRODUCTIONS NEWSFLASH
South American producers come to shine: Guyana, Brazil, and Colombia.
In recent developments across the three South American countries, several key projects are shaping the oil and gas landscape in the region
June 29, 2024
OIL PRODUCTIONS NEWSFLASH
CNOOC launches production at Enping 21-4 oil field in South China Sea.
China National Offshore Oil Corporation (CNOOC) has initiated crude oil production from the Enping 21-4 Oilfield Development Project in the South China Sea, marking a significant milestone for the state-held giant.
June 29, 2024
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
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