Page 4 - Oil Output

Saudi Aramco to go ahead with plans to boost oil output capacity, says CEO

The oil company will boost outpur capacity by 1 million barrels per day (bpd) to 13 million bpd despite spending cuts this year and next year

Oil prices fall on fears about economic fallout from rising Covid-19 cases

Coronavirus cases continued to surge in the United States and stood at almost 18 million globally

Market Ahead, May 12: All You Need To Know Before The Opening Bell

Today, a total of 11 companies, including Nestle, Havells, and Bandhan Bank are scheduled to announce their March quarter results

Amid falling global prices, US and Mexico agree to cut crude oil output

The OPEC nations have agreed to "a different limit reduction of about 23 per cent", said US President Donald Trump

Saudi Aramco to raise oil output by 1 mn bpd as price war escalates

'Saudi Aramco announces that it received a directive from the ministry of energy to increase its maximum sustainable capacity from 12 million bpd to 13 bpd,' the company said

Saudi Arabia increases oil output to a record high of 12.3 mbpd

The clash of oil titans Saudi Arabia and Russia sparked a 25% slump in crude prices on Monday

Crude collapse exposes Big Oil's weak points as valuations crash

Producers have cut costs, sold assets and canceled projects to repair balance sheets following crude's 2014-17 slump.

Market rout: India should take advantage of falling crude oil prices

Easy liquidity available earlier is drying up, debt is piling up, debt repayments are due and a lot of investors are looking for profitability and not just production growth.

Margin calls triggered in crude oil led to across-the-board selling

The margin on crude oil, which was set at 16.3 per cent on friday, kept on rising today with MCX imposing margins of up to 60%

Oil edges further above $65 a barrel on US, China trade deal, supply cuts

Brent crude rose 29 cents to $65.63 a barrel by 1305 GMT, while US West Texas Intermediate crude added 18 cents to $60.39

Opec, allies agree on 500,000-bpd additional production cut in Jan-Mar 2020

The countries involved pump over 40% of the world's oil, and their new combined cuts amount to 1.7 million bpd or 1.7% of global production

Saudi Arabia pumps record amount of oil as Trump piles on pressure

Possibly complicating Saudi decisions on oil output is the crisis around the killing of journalist Jamal Khashoggi at Riyadh's consulate in Istanbul last month

Iran govt issues new oil warning as UAE says production can rise

"The main goal of the US by imposing sanctions is to put pressure on people, but they claim that they want to put pressure on the Iranian government," says Rouhani

Pricing freedom key to raising India's oil output

Much of the sweet crude produced by companies in India is currently sold at a discount, which impacts company revenues and the government's earnings

India shifts to OALP to boost oil output

Investors will have flexibility to carve out blocks of their choice through a minimum 10"x10" grid

India announces new licensing policy to boost oil output

India will conduct auction of oil and gas blocks under OALP, says Dharmendra Pradhan

Qatar's oil-freeze letter to Norway reveals Doha deal logic

Analysts and traders have puzzled over exactly why oil producers have devoted so much diplomatic energy to the meeting in Doha on April 17