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Chevron, Exxon plan to keep boosting oil production, even as crude gets cheaper. What gives?
Chevron, Exxon plan to keep boosting oil production, even as crude gets cheaper. What gives?

Chevron and Exxon are “deep-pocketed names that are thinking 20 and 30 years out.” Read more

Marketwatch - Nov 16
OPEC Taking 'Cautious Approach' to Oil Production
OPEC Taking 'Cautious Approach' to Oil Production

The Trump administration released a fact sheet detailing its trade deal with China, including China ending export restrictions on rare earths minerals. Read more

Yahoo! News - Nov 02
OPEC Plus Signals Cautious Approach to Oil Production
OPEC Plus Signals Cautious Approach to Oil Production

Eight members of the oil cartel agreed on Sunday to a small increase but said they would now pause in adding more oil, reflecting market concerns about an oversupply. Read more

The New York Times - Nov 02
Exxon and Chevron hike oil production despite global glut and see more ‘frontier exploration’ as U.S. shale boom slows
Exxon and Chevron hike oil production despite global glut and see more ‘frontier exploration’ as U.S. shale boom slows

Chevron cited more exploration efforts in Suriname, Brazil, Angola, Nigeria, Namibia, and the Middle East. Read more

Fortune - Oct 31
Iran increased oil production by more than 120,000 barrels daily — minister
Iran increased oil production by more than 120,000 barrels daily — minister

Mohsen Paknejad said that crude oil exports reached record high figures exactly in recent months, despite numerous constraints Read more

Тасс - Oct 08
Russia’s September oil production close to its OPEC+ quota — Novak
Russia’s September oil production close to its OPEC+ quota — Novak

At the August meeting, eight OPEC+ countries agreed to increase oil production by 547,000 bpd compared to the August level Read more

Тасс - Oct 08
OPEC+ raises oil production again with modest a hike from November
OPEC+ raises oil production again with modest a hike from November

OPEC+ will raise oil output from November by 137,000 barrels per day, opting for the same fairly modest monthly increase as in October. Read more

Cnbc - Oct 05
OPEC+ monitoring committee discussed oil production data for two months
OPEC+ monitoring committee discussed oil production data for two months

The OPEC+ committee affirmed that it would continue monitoring the production plan agreed at the ministerial meeting on December 5, 2024 Read more

Тасс - Oct 01
California lawmakers pass measures to expand oil production in Central Valley, restrict offshore drilling
California lawmakers pass measures to expand oil production in Central Valley, restrict offshore drilling

In a bid to stabilize struggling crude-oil refineries, state lawmakers on Saturday passed a last-minute bill that would allow the construction of 2,000 new oil wells annually in the San Joaquin Valley while further restricting drilling along California’s iconic coastline. Read more

Los Angeles Times - Sep 13