News

Russia plans to compensate for oil overproduction in August-September
Russia intends in August and September to fully compensate for previously producing oil in excess of its OPEC+ quota, in line ...
BP Flags Hit From Lower Oil, Gas Prices But Expects Production Rebound
The energy major warned that lower oil and gas sales could drag on its results, though upstream production is expected to ...
March World And Non-OPEC Oil Production Rises
The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC ...
World oil market may be tighter than it looks, IEA says
The world oil market may be tighter than it appears despite a supply and demand balance pointing to a surplus, the ...
BP says oil and gas production to rise after renewing focus on fossil fuels
BP says oil and gas production to rise after renewing focus on fossil fuels - The energy giant told investors that upstream ...
BP Signals Strong Oil Trading as Quarterly Production Rebounds
BP Plc said it expects to report rising production and a strong result from its oil trading business for the second quarter, ...
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OPEC projects continued oil demand growth. Other energy groups disagree.
Demand will continue to grow in developing economies, according to the oil cartel. Many groups, including the International ...
Oil production said to boost over 500,000 barrels per day in August 2025 by OPEC+
ODESSA, Texas (KMID/KPEJ) – 8 members of OPEC+ (Organization of the Petroleum Exporting Countries) say the organization will boost oil production in August 2025, by 548,000 barrels per day. These ...