World oil production increased by 927 kb/d in September, green graph. The largest increase came from Saudi Arabia, 500 kb/d, while the US added 224 kb/d and Brazil 210 kb/d.

A disruption to global oil flows could send prices higher. That would be good news for Russia, with oil being a key lifeline ...

Russian oil production slumped in 2024, according to the latest figures. Pictured is a fuel tank farm of Russian oil pipeline giant Transneft on December 13, 2023. NATALIA KOLESNIKOVA/Getty Images ...

The full impact of the war on the price of oil became apparent only after the Organization of Arab Petroleum Exporting Countries (OAPEC), the oil cartel, imposed a crude embargo on the US in ...

Led by Saudi Arabia, the oil cartel OPEC Plus pledged to reduce output by two million barrels a day. By Stanley Reed Reporting from London. Saudi Arabia and Russia, acting as leaders of the OPEC ...

Russia's exports of crude oil have now surpassed the volumes hit before its invasion of Ukraine. China and India account for roughly 90% of Russia's seaborne crude exports, Kpler data shows.

The company has been involved with Russia for many years and had been pursuing a possible shale oil project as well as considering investing in the Shtokman-1 supergiant gas field in the Barents Sea.

Russian Deputy Prime Minister Alexander Novak said on Tuesday that Russia will continue a 500,000 barrels per day oil production cut until the end of June. “At the moment, Russia is close to ...

"The decision taken by OPEC leaders to forcefully increase production looks very far-sighted today and, from the market's ...

US crude oil production surged to a record high of 13.2 million barrels a day, above the prior record of 13.1 million hit in February 2020.

Oil production in Russia will remain stable over the next five years, despite international sanctions, as the state company PJSC Rosneft begins extraction at a new large Arctic project. Source ...