Oil Output

Kuwait to raise oil output by 85,000 bpd -minister

Sun, 01 Jul 2018 - 01:50 GMT

Kuwait will raise oil output by 85,000 barrels per day (bpd)starting on Sunday, part of an agreement between OPEC and non-OPEC producers.

Russian oil output hits 11-month high in March

Mon, 02 Apr 2018 - 08:11 GMT

This was the first increase in Russian output since December and the highest level since output of 11 million bpd in April 2017.

U.S. oil industry set to break record, upend global trade

Tue, 16 Jan 2018 - 10:28 GMT

Fears of dire energy shortages that gripped the country in the 1970s have been replaced by a presidential policy of global “energy dominance.”

Oil prices dip on weak Chinese refining activity

Mon, 14 Aug 2017 - 07:46 GMT

Oil prices dipped on Monday as a slowdown in Chinese refining activity growth cast doubts over its crude demand outlook.

No new agreements exist on Russia further reducing oil output – Kremlin

Tue, 11 Jul 2017 - 01:20 GMT

There are no new agreements on reduction of oil output, Kremlin spokesman Dmitry Peskov said on Monday