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OPEC+ to spark spending race with new oil quota system
03 Dec 2025 03:42 GMT
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The Organization of the Petroleum Exporting Countries and other major … exceed production quotas as OPEC de facto leader Saudi … oil demand as the world shifts away from fossil fuels. … billion barrels of oil.
Saudi Arabia, the world’s top oil exporter, has …
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Oil Production Growth for Q1 2026 Blocked by OPEC+
03 Dec 2025 06:59 GMT
… June 7, 2026. OPEC+ blocked oil production growth for … OPEC+ decided to increase oil production in December by 137,000 barrels … decisions The alliance of oil-exporting countries also agreed to … the 41st OPEC and Non-OPEC Ministerial Meeting.” Oil market …
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IEA Drops ‘Peak Oil’ Prediction After U.S. Pressure to End Political Bias in Forecasts
03 Dec 2025 05:05 GMT
… models, projecting continued growth in oil and gas demand through 2050 … CPS model, oil demand rises 13% to 113 million barrels per day … estimates that about 25 million barrels per day of new supply … under both models. U.S. export capacity is projected to double …
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International Petroleum Corporation Announces TSX Approval for Renewal of Normal Course Issuer Bid
03 Dec 2025 07:00 GMT
… (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation … . International Petroleum Corp. (IPC) is an international oil and gas … on the import or export of products from one … and the ability to market crude oil, natural gas and natural …
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Venezuela denounces US-ordered ‘forced sale’ of oil company Citgo
03 Dec 2025 04:29 GMT
… ’s PDVSA (Petroleos de Venezuela, SA), a state-owned oil company, has … billion barrels as of 2023, it exported just $4.05bn worth of crude oil … of the Organization of the Petroleum Exporting Countries (OPEC) to help his country …
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Oil prices fall as markets watch Russia-Ukraine peace efforts for supply signals
03 Dec 2025 05:12 GMT
… schedule, seeking to restore full oil export capacity after a drone attack … crude surplus.
The American Petroleum Institute reported on Tuesday U.S. crude and fuel … increased by 3.14 million barrels, while distillate inventories rose by …
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After November surge, India’s Russian oil imports set to ease but persist
03 Dec 2025 06:42 GMT
… : Exclusive | Is India ending Russian crude imports? What RTI data show … oil will keep flowing to India
♦ Indian refiners benefit from deep Russian crude … 1.9-2.0 million barrels a day (mbpd) – and then … dip in Russia's exports';
“Looking ahead, we’ve …
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Indian refiners’ October crude processing rises 6.8% from month earlier
03 Dec 2025 03:44 GMT
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Refinery throughput in September was at 5.15 million barrels … refinery throughput gained 5.6% in October.
India’s fuel … Russian oil after Washington sanctioned two major Russian crude exporters, as … ROSN.
However, top refiner Indian Oil Corp IOC then bought …
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CPC Shutdown, Rising US-Venezuela Tensions Push Oil Prices Higher
03 Dec 2025 06:36 GMT
… supply shock landed just as OPEC+ opted to leave production levels … has centred on an oil glut, so OPEC+’s decision to maintain … wrote.
Venezuela exported just US$4.05 billion in crude oil in 2023 … term.
Brent crude stood at US$62.76 a barrel on Tuesday …
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Syria's President meets US energy giant Chevron to discuss offshore oil
03 Dec 2025 07:06 GMT
… of the state-owned Syrian Petroleum Company, Youssef Qaballawi. Chevron… oil accounted for 20% of Syria's GDP, half its exports … with production at 390,000 barrels per day. By 2023, … collapsed to just 40,000 barrels per day. The new administration …