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Putin: We're not a member of OPEC![]() ![]() Moscow (UPI) Dec 23, 2016 Russia's president said his country would meet its obligations in terms of crude oil production, but stressed Friday that Russia is not a member of OPEC. Russia is on pace to average about 11 million barrels of oil production per day this year, about 1.8 percent higher than last year. If accurate, Russian production for the year would be at or near a post-Soviet record. Members of the Organization of Petroleum Exporting Countries agreed to cut production by about what it expects in deman ... read more |
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![]() Members of a House energy panel said they wanted a federal investigation into whether or not the nation's Strategic Petroleum Reserve should be maintained. ... more ![]() ![]() After boasting of gains in oil production this week, the chairman of a Libyan oil company discussed how Egyptian companies could work in the country. ... more ![]() ![]() A Russian oil company said its division in Serbia has opened up a new reserve area with the goal of moving from drilling to development next year. ... more ![]() ![]() Lingering supply-side strains and traders looking for quick profits as the year draws down pushed crude oil prices into negative territory early Friday. ... more |
Previous Issues | Dec 23 | Dec 22 | Dec 21 | Dec 20 |
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![]() After reporting production gains, the Norwegian government confirmed a discovery Friday of at least 25 million barrels in its waters of the North Sea. ... more ![]() ![]() The next lease sale planned by the U.S. government for oil and gas reserves in the Gulf of Mexico will be streamed live on the Internet, an agency said. ... more ![]() ![]() Following an uptick in oil production, and after boasting of legacy output this week, Norway's Statoil said one of its fields has passed 2 billion barrels. ... more ![]() ![]() Saudi Arabia said it was making progress on economic reforms aimed at correcting a deficit, with both oil and non-oil revenue increasing in 2017. ... more ![]() ![]() Growth reported Thursday in the U.S. economy helped lift oil prices out of a hole after falling in response to reports of a build in crude oil stockpiles. ... more |
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![]() ![]() Libya sets sights on build in oil production ![]() ![]() A subsidiary of oilfield services company Schlumberger said it landed contracts to help manage operations in the U.S. waters of the Gulf of Mexico. ... more ![]() ![]() Texas, the No. 1 oil producer in the United States, reported crude oil production edged slightly lower than the previous month based on preliminary data. ... more |
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