oil production

April 06, New Delhi: The Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) have agreed to implement a production adjustment of 206,000 barrels per day.The eight OPEC+ members, who had announced voluntary additional cuts in April, met virtually on Sunday to review...

Tripoli, April 6 – Libya's oil production has risen to approximately 1.43 million barrels per day, the highest level recorded in over a decade, Chairman of Libya's National Oil Corporation, Masoud Suleiman, announced.Suleiman said on Sunday (local time) during a meeting that oil sales revenue...

April 05, New Delhi: Key members of the OPEC+ alliance are scheduled to meet on Sunday to discuss production quotas for the month of May, as the ongoing U.S.-Iran conflict continues to unsettle global oil markets.The Voluntary Eight Group within the alliance, which includes major producers...

Petroleum and Natural Gas Minister Hardeep Singh Puri has congratulated Oil India Limited for achieving its highest-ever daily oil and gas production in a single day.In a social media post, the Minister stated that Oil India Limited produced 1,47,159 barrels of oil equivalent on Thursday. The...

Washington, March 17 – The United States has secured energy agreements worth $57 billion with Indo-Pacific partners, according to Interior Secretary Doug Burgum, noting that this is part of a broader effort to strengthen allies' energy security.The deals were finalized during the first...

Brazzaville, March 15 – More than three million registered voters in the Democratic Republic of Congo will be heading to the polls on Sunday for the country's presidential election, with polling stations open from 7 a.m. to 6 p.m. local time.According to a decree by the Ministry of the...

March 14, New Delhi – Canada will contribute 23.6 million barrels of oil to an International Energy Agency (IEA) plan aimed at stabilizing global energy markets amid rising tensions in the Middle East.The announcement from Natural Resources Minister Tim Hodgson’s office came late Friday, two...

Prime Minister Narendra Modi stated that India remains a well-recognized and trusted nation globally, even amidst disruptions in West Asia. Addressing the NXT Conclave in New Delhi, Mr. Modi said that the country remains stable and resilient despite the challenging situation in the region. He...

Washington, March 12 – U.S. President Donald Trump said on Thursday that rising oil prices benefit the United States because the country is the world’s largest producer of crude, even as tensions in the Middle East push global energy markets higher.“The United States is the largest Oil...

March 10, New Delhi – The head of the International Energy Agency (IEA), Fatih Birol, also participated in the meeting of G7 Finance Ministers concerning the global economic situation and the conflict in West Asia.Speaking about the IEA's assessment of the global oil market conditions, the IEA...

Mumbai, March 9 Maharashtra Chief Minister Devendra Fadnavis assured on Monday that the Union government was taking adequate steps to ensure energy security and prevent any shortage of essential resources amid the ongoing conflict in West Asia.Speaking to reporters at Vidhan Bhavan, Fadnavis...

Washington, March 6 – The US State Department announced that the United States and Venezuela have agreed to re-establish diplomatic and consular relations.Venezuela severed diplomatic ties with the United States in January 2019 due to the latter's continued interference in Venezuela's internal...

Washington, February 28 – US President Donald Trump highlighted a new oil arrangement with Venezuela during remarks at a major Texas export hub, arguing that expanded refining and exports from Corpus Christi signal a historic American energy revival.Speaking at the Port of Corpus Christi...