January 22, 2019

IMF Slashes Saudi Growth Outlook On Lower Oil Prices, Production

The International Monetary Fund (IMF) cut on Monday its forecast for Saudi Arabia’s economic growth this year to 1.8 percent, down by 0.6 percentage point from […]
January 18, 2019

Global Gas Production Reaches Highest Growth In A Decade

The industry achieved a net production increase of 164 billion cubic metres (bcm), which represents the highest production growth since 2010, according to research by Rystad […]
January 18, 2019

Energy Minister: Russia Can’t Cut Oil Production Quickly

Due to weather and geological conditions in the cold Russian winter, Russia cannot cut its oil production too quickly, Energy Minister Alexander Novak said on Thursday, […]
January 17, 2019

How Much Further Can Venezuela’s Oil Production Fall?

By Editorial Dept – Jan 16, 2019, 6:00 PM CST Ambivalent is the word that best describes the condition Venezuelan President Nicolás Maduro has found himself […]
January 16, 2019

EIA: OPEC Production To Fall By 1 Million Bpd This Year

The Energy Information Administration expects OPEC’s combined crude oil production this year to be 1 million barrels per day lower than in 2018, when the cartel […]
January 15, 2019

OPEC To Publish Quotas For New Production Cut Deal

OPEC plans to publish this week the quotas for individual countries under the new OPEC/non-OPEC production cut deal agreed upon on December 7 and in force […]
January 13, 2019

Canada’s Crude Oil Production Cuts Are Unsustainable

In an attempt to combat a ballooning oil glut and dramatically plummeting prices, the premier of Alberta Rachel Notley introduced an unprecedented measure at the beginning […]
January 13, 2019

Norway’s Oil Production To Fall To 30-Year Low

Despite cost controls, increased efficiency, and higher activity offshore Norway, oil production at Western Europe’s largest oil producer fell in 2018 compared to 2017 and is […]
January 11, 2019

Russia’s Coal Exports, Production Hit Five-Year High In 2018

Russia’s production and exports of coal hit last year their highest levels since 2013, according to S&P Global Platts estimates of data from Russia’s Energy Ministry. […]