Oil prices climbed on Wednesday, driven by a reduction in output from a major Libyan oil…
Tag: oil production
Libya: Partial Production Suspension at Major Oil Field Due to Protests
The National Oil Corporation (NOC) in Libya announced on Tuesday a “partial” suspension of production at…
Libya’s Largest Oil Field, Sharara, Fully Shuts Down Amid Allegations of “Political Blackmail”
Libya’s largest oil field, Sharara, has completely ceased production on Monday. This follows a gradual reduction…
Why Citi Predicts Trump Could Be Bearish for Oil Prices and Renewable Energy
The U.S. oil and gas industry has seen significant growth under the Biden administration, with major…
OPEC+ to Maintain Oil Production Increase Plan, Sources Say
OPEC+ delegates anticipate that the group’s upcoming monitoring session next month will be a standard affair,…
Oil Prices Waver: US Inventory Drop vs. China Slowdown
Oil prices fluctuated on Thursday, caught between the decline in US inventories last week and the…
Kuwait Unveils Significant Offshore Oil and Gas Find
Kuwait, a prominent Middle Eastern oil producer, announced on Sunday a “substantial” discovery of oil and…
Senegal Joins Oil-Producing Nations with Sangomar Field Extraction
Senegal has officially entered the ranks of oil-producing countries. Australian company Woodside Energy announced Tuesday the…
UAE Boosts Oil Production Quota in OPEC+ Deal
In a significant development at the June 2nd OPEC+ ministerial meeting, the United Arab Emirates (UAE),…
New Al-Zour Refinery Boosts Kuwait’s Refining Capacity to Record Levels
With three distinct component units, the expansive Al-Zour refinery emerges as a cornerstone of the Middle…