Libya’s National Oil Corporation (NOC) said it has hit a new production high, pumping 1,386,030 barrels of crude oil and condensate daily, along with 203,017 barrels of gas equivalent (boe).

Friday November 29, 2024 - 'Speculation surrounding a potential surge in U.S. oil production - up three million barrels per day - has gained attention', a SEB analyst said.

Saudi Arabia is more likely to extend oil production cuts because of the recent price drop and we now think that oil production cuts will last until April 2025 instead of January, the investment ...

Crude oil has been extracted there since the 1850s and in the years since U.S. oil production has grown to over 19 million barrels per day. Crude oil is the main ingredient for a great variety of ...

Donald Trump’s Treasury Secretary pick, Scott Bessent, has a government deficit-reduction plan, neatly packaged as 3-3-3, which includes the U.S. producing an additional 3 million barrels of oil ...

Empire Energy will increase activity at the Carpentaria Pilot Project in Australia's Beetaloo basin after receiving environmental management plan approval. Pantheon Resources PLC spudded the ...

The industry is expected to attract US$ 25 billion investment in exploration and production. India is already a refining hub with 23 refineries, and expansion is planned for tapping foreign investment ...

The US investment bank Goldman Sachs estimates the proportion of crude oil used for primary materials production to be 45 per cent. Because the crude oil industry has developed hardly at all in ...

The race to mass-produce solid-state vehicles is fierce, and carmakers are partnering with tech companies to stay ahead of ...

The US investment bank Goldman Sachs estimates the proportion of crude oil used for primary materials production to be 45 per cent. Because the crude oil industry has developed hardly at all in ...

The 35% y/y surge in third-quarter production was driven by improved productivity and expanded takeaway capacity, led by flagship operator Yacimientos Petrolíferos Fiscales (YPF) and bolstered by ...

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