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By Wendell Roelf CAPE TOWN, August 14 (Reuters) -Optimistic over Angola’s untapped gas potential, Azule Energy is considering ...
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U.S. shale drillers are cutting rigs and spending as OPEC floods the market with cheap oil
U.S. shale producers are cutting rigs, slashing budgets, and pulling back hard as cheap oil from OPEC pushes prices deep below profitable levels. The assault, led by Saudi Arabia and Russia, has ...
"However, OPEC's demand forecast is very optimistic, with expected increases of 1.3 million and 1.4 million barrels per day ...
World oil supply will rise more rapidly than expected this year and next as OPEC+ members further increase output and supply ...
Eight producers, led by Saudi Arabia, will continue boosting production despite forecasts that supply will soon exceed demand ...
The sluggish demand clashes with a surge of production from Opec. The IEA said Opec’s push to boost global oil supply would ...
OPEC+ producers raised their combined crude oil production in July by less than planned, with Saudi Arabia's supply data ...
OPEC+ agreed on Sunday to raise oil production by 547,000 barrels per day for September, the latest in a series of accelerated output hikes to regain market share, as concerns mount over potential ...
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Nigeria surpasses OPEC oil quota for second consecutive month
Nigeria's oil production exceeded 1.5 mbpd in July, surpassing its OPEC quota for the second consecutive month, solidifying ...
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