Oil Production

Libya's Acting Oil and Gas Minister Khalifa Abdulsadek and OPEC Secretary General Haitham Al Ghais shake hands during the Libya Energy & Economy Summit, in Tripoli, Libya January 18, 2025. Photo: REUTERS/Ahmed Elumami
Middle East

Libya needs $3-4 billion to boost oil production, bidding round expected soon: oil minister

Abdulsadek said the Libyan economy heavily relies on oil, accounting for more than 95% of its economic output

An employee holds a sample of crude oil at the Yarakta oilfield, owned by Irkutsk Oil Co, in the Irkutsk region, Russia on 11 March, 2019. REUTERS/Vasily Fedosenko/File Photo
Global Economy

Oil retreats on US demand worries despite China stimulus, supply

Photo: Bloomberg
World+Biz

Oil surge to $80 shows long-awaited market tightening is here

Photo: Collected
World+Biz

Number of OPEC+ countries voluntary cut oil production from May and until yearend

FILE PHOTO: A pump jack stands idle in Dewitt County, Texas January 13, 2016. Picture taken on January 13, 2016. REUTERS/Anna Driver/File Photo
USA

Oil production picking up in second-largest US shale field

A worker walks past oil pipes at a refinery in Wuhan, Hubei province March 23, 2012. REUTERS/Stringer//File Photo
China

China's oil refinery runs fall for first year since 2001

Russian President Vladimir Putin takes part in a ceremony launching the Talas Gold Mining Plant at Kyrgyzstan's Jerooy gold deposit via a video link in Moscow, Russia March 17, 2021. Sputnik/Alexei Druzhinin/Kremlin via REUTERS
Politics

Putin says Russia could cut oil production over West's 'stupid' price cap

Photo: BSS/AFP
Global Economy

OPEC+ keeps steady policy amid weakening economy, Russian oil cap

A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic
Middle East

Iraqi oil minister says OPEC members committed to agreed production rates

Photo: Reuters
Global Economy

Saudi, UAE defend OPEC decision to cut oil production, despite US warning

OPEC+ ministers defend their production cut.Photographer: Akos Stiller/Bloomberg
Bloomberg Special

Oil production cut could be 10% real, 90% illusion

A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. Picture taken November 22, 2019. REUTERS/Angus Mordant/File Photo
Global Economy

OPEC chief says blame policymakers, lawmakers for oil price rises

Biden fails to convince OPEC Plus members to significantly increase oil production
Videos

Biden fails to convince OPEC Plus members to significantly increase oil production