Production of the 19 OPEC members bound by quotas under the oil agreement is down by 50,000 barrels per day — to 38.33 million bpd last month, leaving an estimated 1.77 million bpd gap between alliance supply and its official targets. OPEC production fell by 1.77 million barrels per day below the agreement level A … Read more
OPEC raises its expectations for the growth of liquid hydrocarbon production in Russia in 2022 by 26,000 barrels per day, to reach 160,000 barrels per day. OPEC raises its forecast for oil production in Russia for the year 2022 Today, Tuesday, OPEC raised its expectations for the growth of liquid hydrocarbon production (oil and condensate) … Read more
Although Ecopetrol is the largest oil company that operates in Colombia, other companies that have seen the country as an ideal destination for their investments are also present in the national territory. This is the case of the Canadian Frontera Energy, Parex Resources, Canacol Energy and Gran Tierra Energy, as well as the Latin American … Read more
The return of greenhouse gas emissions to pre-pandemic levels has led to the intensification of projects aimed at capturing and processing carbon dioxide in the atmosphere. New projects are designed to combat greenhouse gas emissions in industries that are one of their main producers – in transport and energy. Scientists in the US and Europe … Read more
Riyadh: Saudi Arabia says that the decision of the OPEC Plus countries to reduce oil production without implementing it will be negative for the world situation. The Ministry of External Affairs said that the matter has been officially informed to the United States. The meeting of petroleum producing and exporting countries and allies held on … Read more
<div id="firstBodyDiv" data-bind-html-content-type="article" data-bind-html-compile="article.body" data-first-article-body=" Crude futures are stable Brent At 96.72 dollars a barrel, up at the settlement of only 13 cents. US West Texas Intermediate crude futures also rose 27 cents to settle at $90.77. Both contracts fell about 1.5 percent by the end of the week. Oil prices had jumped for a … Read more