For the first since July 2013, Libya’s oil production has averaged over a million bpd (barrels per day) over a full month.
In response to a shareholder resolution at its 2017 annual general meeting, ExxonMobil has published a report detailing how it Continue reading ExxonMobil publishes business report into climate change
New data from the US government shows that the US produced 10.038 million bpd (barrels per day) in November last year, exceeding the symbolic 10 million threshold for the first time since 1970.
Much of the growth in Continue reading US production passes 10 million bpd threshold
Speaking in Davos at the World Economic Forum, Saudi Energy Minister Khalid Al-Falih hit back at claims that increasing US shale production will Continue reading Saudi oil minister dismisses US shale concerns
Talking to reporters before the January 21 meeting of the joint ministerial committee, Saudi Energy Minister Khalid al-Falih urged oil-producing countries to Continue reading Saudi Arabia calls for oil producers to continue cooperation after 2018
ExxonMobil, the oil major that supplies Mobil UK stockists, has announced a new three-year partnership with MagnaBond to develop new technologies to Continue reading ExxonMobil and MagnaBond form new partnership to develop well integrity evaluation technology
Jabar al-Luaibi, Iraq’s Oil Minister, has announced that the country’s production capacity is nearing five million bpd (barrels per day), but he also stated that Iraq would stand by its commitments as an OPEC member to the global production cuts. Iraq’s current output is Continue reading Iraq’s oil production capacity approaches five million bpd
In its first short-term forecast for 2019, the US Energy Information Administration painted a picture of US oil output averaging 10.85 million barrels per day (bpd) over the year, with daily output hitting the Continue reading EIA expects US oil output to reach 11 million bpd before 2020
Oil production in the prolific Permian Basin hit a new record of 815m barrels in 2017 according to recent research from IHS Markit, a Continue reading Permian oil production reaches fresh high
Oil prices began the New Year at their highest level since 2014 against the background of anti-government protests in Iran, which Continue reading Oil prices start 2018 with strong opening