Browsing: oil production

Russia’s crude oil shipments have dropped to their lowest level since February, underscoring the ongoing challenges shaking the global energy market. This steep fall exposes growing export pressures driven by rising geopolitical tensions

The UK’s crude maize oil market is set for steady and promising growth, with a CAGR of +1.8% projected from 2024 to 2035. According to IndexBox, the market value is expected to soar to an impressive $56 million by 2035

Data from Reuters reveals that Russian oil shipments have dramatically slashed OPEC’s share of India’s crude imports to an all-time low. This significant shift underscores India’s increasing reliance on non-OPEC sources as the global energy landscape continues to evolve and fluctuate

Alberta’s Premier emphasized that while Canada could increase oil supplies to the U.S., the country also requires new markets to diversify its economy. This dual focus aims to strengthen energy independence and address fluctuating global demand.

Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman have reaffirmed their commitment to maintaining oil market stability. This collective pledge aims to support a healthier outlook for global oil prices amid ongoing economic challenges.

Argentina’s crude oil and natural gas production is approaching record highs, according to the Energy Information Administration (EIA). This surge reflects the country’s growing role as a key player in the South American energy landscape, driven by robust investments and technological advancements.