OPEC Rejects Media Reports of Major Output Hike Ahead of G8 Meet
OPEC has slammed the brake on speculation, flatly rejecting media reports that the G8 is preparing to hike…
‘Red Queen Syndrome’ Hits Global Oil Production
Shale oil wells are gushers in their first year, then deplete rapidly. Shale companies therefore, have to keep…
Saudi Arabia Leads OPEC Output Increase
OPEC crude production rose by about 400,000 barrels per day (bpd) in August, reaching 28.55 million bpd, according…
Why China’s Oil Production Keeps Growing Despite Lower Oil Prices
Over the past couple of years, China’s oil industry has revealed a peculiar trend, with production maintaining an…
Oil Rises on Signs of Tight Supply, Robust Demand in Near Term
(Bloomberg) — Oil rose amid signs of tighter supplies in the near term and on stronger demand signals…