Iran plans to boost its oil production to four million barrels per day. Iran plans to boost its oil production to four million barrels per day. Iran Approves Plan to Increase Its Oil Production The country's Tasnim news agency said Sunday that an economic council headed by Iran's interim president Mohammad Mokhber approved this increase in its oil output.
Tags: Oil
US House Lawmakers Ask Justice Department to Launch Antitrust Probe on OPEC, Oil Companies
Democratic US House lawmakers are urging the Justice Department to investigate possible antitrust violations among US oil producers and OPEC.
OPEC+ Prolongs Most of Its Deep Oil Output Cuts Until 2025
OPEC+ has decided to prolong most of its extensive oil production cuts until 2025. OPEC+ has decided to prolong most of its extensive oil production cuts until 2025.
Aramco's $13 Billion Share Sale Attracts Strong Investor Interest
Aramco's share sale drew overwhelming demand within hours, potentially raising up to $13.1 billion, attracting global investor interest in Saudi assets.
US Crude Oil Refiners to Boost Fuel Output Beyond 90% Capacity for Summer
US crude oil refiners are reportedly preparing to increase their operations above 90% capacity following the completion of planned maintenance.
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The Department of Justice has been requested by House and Senate Democrats to consider its probe into oil industry's climate change misinformation.
Gas prices are expected to rise by about $0.10 per gallon this summer due to decreased refinery capacity and higher refining costs, with the average price projected to be around $3.70 per gallon.
Donald Trump allegedly promised oil CEOs that he'd end EV incentives if they could donate $1 billion to his election campaign. Is this true?
The Norwegian oil production tanker Johan Castberg is undergoing final checks before she sets sail for a Barents Sea oil field of the same name by Q4 2024.
Canadian oil and energy company Enerplus reported an 18.6% revenue loss for its Q1 2024 report compared to figures at the same period last year.
Shell's Singapore oil refinery and chemical assets will be sold to a Glencore-led joint venture with a purchase sale of below $1 billion, following agreements in place for continued collaboration and strategic alignment with CAPGC.
Olive oil costs are still rising, so consumers should prepare for more increases. Olive oil prices are expected to exceed £16 per liter ($21).
US crude inventories reaching record highs led to further declines in oil prices, with West Texas Intermediate dropping below $80 per barrel, surprising traders and reducing investor confidence.
The World Bank warns that escalating conflicts in the Middle East could push oil prices over $100 a barrel, potentially increasing the recent decline in global inflation and worsening economic challenges worldwide.
