World Business
OPEC+ Boosts Output, UAE Exit Threatens Cartel’s Future
A select group of OPEC+ nations will raise oil output from August, but the cartel faces an uncertain future following the UAE's...
#oil production 7 articles
World Business
OPEC+ Nations Boost Oil Output by 188,000 BPD as Prices Fall Post-Conflict Deal
Seven OPEC+ countries will increase oil production by 188,000 barrels per day in August, responding to falling crude prices after a US-Iran...
Markets
CNRL President Demands New West Coast Pipeline for Oilsands Growth
Canadian Natural Resources Ltd. president Scott Stauth asserts a new one-million-barrel-a-day pipeline to the West Coast and competitive investment conditions are vital...
World Business
OPEC+ Adds Modest Output as Iran Blocks Hormuz Strait
Seven OPEC+ nations agreed to a modest 188,000 bpd production rise for June. The increase is symbolic, overshadowed by Iran's blockade of...
Stocks
Oil Giants Defy Trump’s Call for More Drilling
Exxon Mobil (XOM) and Chevron (CVX) will not boost production despite President Trump's pleas, maintaining their strategies amid a Middle East-induced energy...
World Business
UAE Quits Oil Cartel Effective May 1
The United Arab Emirates announced its departure from OPEC, effective May 1, citing a long-term strategic vision and increased domestic energy investment....
Stocks
U.S. Shale Industry Resists Output Hike for Two Years
U.S. shale executives do not expect to significantly increase oil production over the next two years, citing "chaos" from the Middle East...