Over half of Libya’s oil production, or around 700,000 barrels per day (bpd), was offline on Thursday, as a standoff between rival political factions over…
Posts tagged as “oil production”
Libya’s eastern-based administration announced on Monday that it would shut down all oil fields and suspend all production and exports in a surprise move that…
Türkiye curbed energy imports in 2024 by approximately 5% compared to the previous year, which analysts attributed to the increase in domestic production, according to…
Saudi Arabia and allied oil-producing countries agreed on Sunday to extend most of their deep oil output cuts well into 2025, exceeding market expectations, as…
Oil prices steadied on Monday morning amid political uncertainty in major producing nations following the death of Iran’s president and other officials in a helicopter…
Saudi Aramco on Tuesday said its net profit fell 14.5% on an annual basis to nearly $27.3 billion in the first quarter, as the Gulf…
Türkiye will deploy two additional drilling rigs in Şırnak, a southeastern province home to the nation’s most critical oil reserve, as it seeks to expand…
Şırnak, a southeastern province of Türkiye that long struggled with a significant terrorist presence, is now making headlines for its burgeoning oil industry, which has…
Daily oil production in Şırnak, Türkiye’s southeastern province that had long been a victim of a heavy terrorist presence, is on course to reach new…
Major oil producers and members of the OPEC+ group, led by Saudi Arabia and Russia, agreed on Sunday to extend voluntary oil output cuts of…