Browsing: Oil Production

The Russian Energy Ministry noted stability of the situation with domestic fuel provision with fuel during the meeting

The Saudi drilling services provider ADES Holding Company is planning to complete the drilling of six production wells within the second half (H2) of 2024 at an oilfield affiliated to Egypt’s General Petroleum Company (GPC) in the Gulf of Suez’s Ras Ghareb region, an official told Al Arabiya Business.

Russia has decided to focus on reducing oil output rather than exports in the second quarter in order to evenly spread production cuts with other OPEC+ member countries, Deputy Prime Minister Alexander Novak said on Friday.

RIYADH: The production of Egyptian oil fields is poised to surge following a $66 million investment deal between Saudi drilling firm ADES and the subsidaries of the country’s petroleum corporation. 

MOSCOW, March 3. /TASS/. Russia plans to cut its oil production and export by an average of 471,000 barrels a day in the second quarter of 2024 as part of its voluntary commitments under the OPEC+ deal, Russian Deputy Prime Minister Alexander Novak said in a statement.

MOSCOW, March 3. /TASS/. Several OPEC+ countries, including Russia and Saudi Arabia, have announced the extension of additional voluntary oil production cuts for the second quarter of 2024.

The exchange also drew attention to the statement about the introduction by the Russian government of a temporary ban on the export of gasoline from March 1

MOSCOW, February 28. /TASS/. Coal production in Russia as of January 2024 increased by 1.7% and reached 35.3 mln tons, according to data from the Russian Statistics Service (Rosstat).

A number of regions have threatened to withhold supplies in what has turned into a standoff with the president

On November 30, 2023, several OPEC+ countries made a decision to voluntarily cut oil production by an additional 2.2 mln barrels daily in the first quarter of 2024