Russia was the world’s second-largest producer in the first five months of this year after the United States, data from Rosstat, the state statistics bureau, has revealed. The country produced Continue Reading
Highlights Offers diversification of import routes for Austria OMV invested ‘a little more’ than Eur800 million Sees positive economic signals for H2 2021 The head of Austria’s OMV said July Continue Reading
Heavy North Sea maintenance dents output Oil output reductions offset by higher gas output Affirms 2% full-year output growth target Norway’s Equinor suffered a 5% year-on-year drop in its Norwegian Continue Reading
A heat wave scorched southeast Europe on Thursday, sending residents flocking to the coast, public fountains and air-conditioned locations to find some relief. Temperatures rose above 40 C (104 F) Continue Reading
Oil prices held steady on Tuesday ahead of the release of U.S. inventory data as investors worried that global demand could be dented by surging COVID-19 cases, even though supplies Continue Reading
Iraq wants another U.S. company to replace Exxon as a shareholder in the West Qurna 1 field, one of the country’s largest after the supermajor leaves the country. “Exxon Mobil Continue Reading
The world’s third-largest crude oil importer, India, could join China in tapping into its strategic petroleum reserve in a bid to sell lower-priced crude to its refiners amid rallying international Continue Reading
India can potentially save 89.4 billion rupees ($1.2 billion) a year by shutting down some old coal-burning power plants and allowing newer ones to run for longer hours, according to Continue Reading
Venezuela is ignoring U.S. sanctions with its plan to boost production to 1.5 million bpd by the end of the year, around three times the current output. A document has Continue Reading
Highlights Pilot planned on two blocks Project seen opening new opportunities in shale play YPF also to invest in tertiary recovery YPF, the biggest oil producer and second for natural Continue Reading
