Oil India targets 4 million metric tonnes of crude oil production

State-owned Oil India Limited (OIL) is targeting crude oil production of around 4 million metric tonnes this year,...

Chevron to invest over $7 bn in Venezuela, targets twofold rise i

Chevron Corporation will invest more than USD 7 billion in its Venezuelan joint ventures over the next five years...

OPEC+ approves 188,000 barrels/day production increase for Sep

OPEC+ has approved an increase in oil production of around 188,000 barrels per day (bpd) for September 2026, as the...

China's EV boom cuts fossil fuel use; oil displaced rises 42% in

China's rapid adoption of electric vehicles is accelerating the country's shift away from fossil fuels, with oil...

OPEC+ to raise August oil production by 188,000 bpd, reiterates c

Seven key OPEC+ producers have agreed to increase oil production by a combined 188,000 barrels per day (bpd) in...

7 OPEC+ nations announce second straight 188,000 bpd output...

Seven OPEC+ countries have announced a second consecutive monthly increase in oil production, agreeing to raise...

Global crude oil supply gap of 4.8 mbpd may trigger low demand

A supply deficit of around 4.8 million barrels per day (mbpd) in the global oil market is expected to be absorbed...

OPEC+ countries announce 188,000 barrels-per-day output increase

The countries- Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman -- made the decision during a...

OPEC+ hikes oil production quotas, expresses concern over attacks

The Organisation of the Petroleum Exporting Countries (OPEC) have decided to implement a production adjustment of...

Brazil targets 400,000-Barrel daily refining capacity by 2030

Petrobras President Magda Chambriard announced on Tuesday that Brazil intends to expand its national oil-refining...

India continues to buy “huge quantities of Russian feedstock”

"If we look at October statistics, India continues buying huge quantities of Russian feedstock. Approximately at the...

  OPEC+ countries agree production adjustment

The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023,...