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Petrobras Says 2020 Oil Output Averaged Record 2.28 MMbbl/d

2021-01-08 15:19:12| OGI

The figure is in line with the most recent guidance given by the state-run company.

Tags: record oil output averaged

 

OPEC December Oil Output Rises for Sixth Month Led by Libya

2021-01-06 18:45:00| OGI

The 13-member OPEC group pumped 25.59 million bbl/d  of oil in December, the survey found, up 280,000 bbl/d from November and a further increase from a three-decade low reached in June.

Tags: december month led oil

 
 

Oil Prices Rise to 11-month High after Saudi Arabia Pledges Unilateral Output Cut

2021-01-06 11:15:00| OGI

WTI futures in the U.S. climbed as much as 0.6% to $50.24/bbl, also the highest since Feb. 26, before slipping to $49.96. The contract on Jan. 5 closed up 4.6%.

Tags: high prices cut oil

 

Saudi Arabia Deepens Cuts as OPEC+ Agrees Oil Output Rollover

2021-01-05 19:00:00| OGI

Saudi Arabia is going beyond its promised cuts as part of the OPEC+ group of oil producers to support both its own economy and the oil market, the countrys energy minister says.

Tags: oil output arabia saudi

 

OPEC+ Resumes Talks Amid Divide on February Oil Output Levels

2021-01-05 15:45:44| OGI

Russia wants to increase production but others want to hold steady.

Tags: february levels oil output

 

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