Tag: World Oil

OPEC, Non-OPEC Countries To Increase Production By 0.5mb/d In January
January 6, 2021 No Responses

OPEC, Non-OPEC Countries To Increase Production By 0.5mb/d In January

The Organisation of  Petroleum Exporting Countries (OPEC) and the non-OPEC countries have agreed to increase crude oil production by 0.5 million barrels per day (mb/d) in January. The group reached the agreement at the 13th OPEC and non-OPEC Ministerial Meeting...
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Oil Extends Losses As Stockpile Rise Amid Weakening Demand
September 12, 2020 No Responses

Oil Extends Losses As Stockpile Rise Amid Weakening Demand

Oil prices fell for a second day on Friday, pressured by a surprise rise in U.S. stockpiles as the coronavirus pandemic continues to erode demand for fuels.Brent crude was down 18 cents, or 0.5%, at $39.88 a barrel by 0337 GMT, after fallin...
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Eni In Major overhaul, Shifts Toward Renewable Energy
June 8, 2020 No Responses

Eni In Major overhaul, Shifts Toward Renewable Energy

Italian energy giant Eni has announced a major overhaul of its business as it steps up efforts toward energy transition. The company will create two business units with one focused on oil and gas called “Natural Resources” and the second...
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