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
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
The White House says that the administration of US President Joe Biden is focused on keeping oil prices low, after the members of the OPEC + alliance decided an additional increase in oil production of 100,000 barrels per day. The White House in the United States of America The White House said today, Wednesday, that … Read more
“Kazakhstan’s oil production, excluding condensate, rose 15% to 1.38 million barrels per day in July from 1.193 million barrels per day in the previous month,” two sources said, citing data, on Monday. The increase is due to the restoration of oil production in the giant Kashgan field after a scheduled maintenance in June. According to … Read more
Dammam: Saudi Minister of State for Foreign Affairs Adil Al Jubair said that the production will be increased only if there is a decrease in oil supply in the market. A decision in this regard will be taken only after considering the opinions of the OPEC countries. Oil production will be determined by the market. … Read more
The Organization of Petroleum Exporting Countries (OPEC) maintains its expectations for a rise in global demand for oil this year, considering it “strong” in light of the economic recovery and despite the risks associated with the Covid-19 epidemic. OPEC maintains its expectations of continued “strong” demand for oil in 2022 The Organization of Petroleum Exporting … Read more