Page 13 - Oil Production

Oil prices retreat from 1-year high alongside global market selloff

Futures in New York fell as much as 0.9 per cent on Thursday with US equities weakening amid concerns that markets could soon face accelerating inflation

Exxon Mobil's total reserves drop by a third after Covid-19 oil price drop

The reserves reductions were "a result of very low prices during 2020 and the effects of reductions in capital expenditures," the company said in a filing

OPEC+ to weigh modest oil output boost at meeting: Report

LONDON/MOSCOW (Reuters) - OPEC+ oil producers will discuss a modest easing of oil supply curbs from April given a recovery in prices, OPEC+ sources said, although some suggest holding steady for now given the risk of new setbacks in the battle against the pandemic.

Oil gains as US production slowly returns after freeze slashed supply

Brent crude was up 76 cents, or 1.2%, at $61.67 a barrel by 0104 GMT, after gaining nearly 1% last week. U.S. oil rose 74 cents

Rising petrol prices a 'Dharma Sankat' situation for FM Nirmala Sitharaman

The Finance Minister said it is a matter for which the Centre and state governments need to work together and see whether there is a way to fix the issue

Oiling the recovery

Private players struggle against excessive regulation. The result is loss of investment and employment opportunities in India

Iraq says OPEC+ cuts unchanged in March meeting, but easing after

Iraqi Oil Minister Ihsan Abdul Jabbar said he anticipated an oil price of $58 to $63 in 2021. The minister spoke at a news briefing in Baghdad

Oil recovery too fast for its own good; crude prices testing $60 a barrel

Recent increases in crude prices and the rapid drawing down of visible stockpiles will undoubtedly lead to calls for a more rapid raising of prod­uc­tion targets than was envisaged in December

HOEC reports steep 84% decline in consolidated net profit to Rs 8.4 cr

Total income down 45 per cent to Rs 30.51 cr, firm says it has got permission to continue production in PY1 block till April 4

Oil refiners on the margin amid rising crude prices, muted demand

Indian majors have to balance between rising crude prices, muted demand and heavy central and state levies on retail prices

Low production due to Covid-19 raising fuel prices: Dharmendra Pradhan

This lower production had caused an imbalance in demand and supply, the minister said

Trump admin pushes to sell Alaska oil leases before Biden can block it

The administration's announcement establishes a tight timeline for lease sales, with the earliest they could occur being on or about Jan. 17

OPEC+ compliance with oil production cuts in October seen at 101%

OPEC+ is due to meet next on Nov. 30 and Dec. 1, following a high-level ministerial meeting on Tuesday

Rollover on oil output curbs possible, says Russian Prez Vladimir Putin

Putin said on Thursday he had been in contact with Saudi Arabia, OPEC's top producer, as well as the United States

Oil prices extend losses as US producers restore output post-hurricane

Brent crude for December fell 32 cents, or 0.8%, to $42.53 a barrel by 0347 GMT and US West Texas Intermediate for November was at $40.30 a barrel, down 30 cents, or 0.7%

Libya govt gets ready to pump more oil as it reopens biggest field

The National Oil Corp., Libya's state energy company, lifted force majeure on the western deposit of Sharara and instructed its operator to resume production, according to a statement on Sunday

Libya set to resume oil production at Sahara field amid peace talks

Libya's prized, light crude has long featured in the North African country''s civil war with rival militias and foreign powers jostling for control of Africa''s largest oil reserves

66% energy execs believe US oil production has peaked: Dallas Fed survey

The Dallas Fed did not say if the peak was considered temporary or permanent as major oil firms have been discussing

OPEC+ panel to meet to discuss output cuts, oil price decline amid Covid-19

OPEC and allies are scheduled to hold an online meet to discuss compliance with their agreed output cuts and demand trends amid falling oil prices and a faltering economic recovery outlook

Oil steady as demand worries revive, crews return to US Gulf rigs

rent crude futures gained 5 cents, or 0.1%, to $42.27 a barrel, after climbing 4.2% on Wednesday