The Saudi Arabian Ministry of Energy announced last week that the country has reduced its total oil production capacity by 600,000 barrels per day due to the conflict in Iran, which has led to the suspension of operations at some of the country's main energy facilities.
The local authority stated…
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Chevron can increase oil production in Venezuela to 300,000 barrels per day
U.S. Energy Secretary Chris Wright visited the oil fields Chevron operates in Venezuela on Thursday, February 12, and indicated that the company can increase production to 300,000 barrels per day.
According to Wright, “there is no doubt”…
Chevron to increase Venezuelan oil exports to the US
Chevron, the main partner of Venezuelan state-owned oil company PDVSA, plans to increase its crude oil exports to the United States from 100,000 to 300,000 barrels per day.
To date, Chevron “has chartered about a dozen tankers to increase…
Brazil, Guyana, and Argentina stand out as key suppliers of oil in 2026, according to the IEA
The U.S. Energy Information Administration (EIA) forecasts an increase in global oil production of 800,000 barrels per day in 2026, thanks to the prominent role of Argentina, Brazil, and Guyana: three non-OPEC countries that will contribute…
OPEC+ agreed to increase oil supply starting in December
Starting in December, OPEC+ will increase its crude oil supply to the market to 137,000 barrels per day, marking the organization's ninth consecutive increase.
The decision was announced this Sunday, November 2, by the ministers of eight…
OPEC+ agreed to increase production to 137,000 barrels per day in October
Starting next October, the Organization of the Petroleum Exporting Countries (OPEC+) will increase production to 137,000 barrels per day, according to eight members at a virtual meeting last Sunday, September 7.
Thus, Saudi Arabia, Russia,…
OPEC+ to increase crude oil supply by 547,000 barrels per day starting in September
Starting next September, the crude oil supply of the OPEC+ alliance, led by Saudi Arabia, will increase to 547,000 barrels per day.
The organization indicated that the measure will seek to address the constraints faced by industries…
OPEC+ to increase crude oil production to 548,000 barrels per day
Crude oil pumping will increase to 548,000 barrels per day starting August 1, according to a decision by OPEC+.
The measure was agreed upon by 22 members of the Saudi-led organization through a virtual meeting last Saturday, July 5.
In an…
OPEC+ to increase crude oil supply by 411,000 barrels per day in June
OPEC+ will increase oil production to 411,000 barrels per day starting June 1, which represents three times the initial target.
The increase in crude oil production, according to the decision made this Saturday, May 3, and announced by…