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Global alumina production hits record 12.6m tonnes in OctoberThe global alumina production in October hit a record new high of 12.61 million tonnes for the month, up 3.62% over last year in tandem with the growth across all the major producing regions, according to International Aluminium Institut More… |
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Fitch maintains its oil and gas price assumptionsFitch Ratings has maintained most of its oil and gas price assumptions, reflecting broadly unchanged market fundamentals. Fitch’s base-case oil price assumptions have not changed. While Brent crude oil pr More… |
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Iraq plans to boost gas output by 1.5bn cu ft in five yearsIraq plans to boost its gas output by 1,500 million cubic feet over the next five years, through its recent initiative to licence exploration operations across 10 oil and gas fields in west Iraq and 13 sites on the country's western border More… |
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Saudi Arabia, other oil giants announce surprise output cutsSaudi Arabia and other Opec+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day, in a surprise move that analysts said would cause an immediate rise in prices and the US called inadvisable, said me More… |
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OPEC+ agrees small increase in oil output for SeptA ministerial meeting of OPEC+ nations has agreed to raise the group's oil output by 100,000 barrels per day during September. The meeting noted the dynamic and rapidly evolving oil market fundamentals, nec More… |
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DNO logs 321 mmboe of reserves, 34 mmboe output in 2021DNO ASA, the Norwegian oil and gas operator, has recorded 321 million barrels of oil equivalent (mmboe) of net proven and probable (2P) reserves in 2021 and production of 34 mmboe during the year. The com More… |
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Oil prices will continue to stay elevatedOil prices will continue to stay elevated as Opec+ members are struggling to raise production. Brent and WTI are edging higher and hovering around their highest levels since 2014 in the leadup to today’s More… |
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Oman’s oil production tops 232 million barrelsOman's oil production stood at 232,942,500 barrels till the end of August 2021, compared to 233,575,200 barrels till the end of August 2020. This constituted a decline of 0.3%, according to the latest data released by the National Centre f More… |
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Opec+ keeps oil market 'in deficit'Opec+ supply hikes should leave the market in deficit in '21, while a baseline change does not mean extra 1.6 million barrels per day (mbpd) from Apr'22, a BofA Global Research report said. The oil pric More… |
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Oman’s oil, condensates output rises by 45.2pcOman's oil production, including condensates, stood at 347.94 million barrels until the end of December 2020, compared to 354.39 million barrels according to the latest data released by the National Centre for Statistics and Information (N More… |
