OPEC

Among the word’s major oil companies, Chevron has the smallest share of production in the countries that have said they would reduce production, data from Norwegian…

OPEC production hit 34.19 million bopd in November, a survey has shown. The results released on Monday reveal the biggest month-on-month increase was recorded in…

Brent crude futures hit their highest level in more than a year on Monday, trading above USD 55 days after OPEC struck a much-anticipated deal to cut production by some…

Russia pumped some 11.2 million bopd in November, a post-Soviet record it plans to use as a baseline for production cuts it helped negotiate this week, Russian…

Days after one of the first FLNG projects in the world achieved first gas offshore Malaysia, the country’s benchmark indexes went sharply up on Thursday following…

Indonesia late on Wednesday confirmed rumours that it had left OPEC, albeit temporarily, in an effort to avoid having to make production cuts.

In a statement…

OPEC member states have reached an agreement on lowering oil production in an effort to stabilise markets.

In a deal that sees member states end speculation and…

Oil markets remained jittery Tuesday as a long-awaited meeting between OPEC and non-OPEC producers neared and several key participants expressed doubts about a…

Saudi Aramco’s Ras al Khair shipbuilding and repair complex will carry an estimated price tag of more than USD 5 billion, Minister of Energy, Industry and Mines…