Oil output

Opec+ members have announced voluntary cuts to their oil production of about 1.15m barrels a day in a surprise move they said was aimed at supporting market stability. The group of oil-producing nations had been largely expected to…

Saudi Arabian oil company, Aramco has reported a record annual net profit of $161.1 billion for 2022, up 46% from 2021 on higher energy prices, increased volumes sold and improved margins for refined products. The profits follow similar…

The Organisation of Petroleum Exporting Countries boosted supplies by 150,000 barrels a day last week, with total group output placed at 29.14 million barrels a day. Nigeria's Oil output rebounded after a clampdown on theft…

Nigeria pumped 1.48 million barrels of crude oil in June, witnessing a significant drop in production compared to previous months, a latest S&P Global Platts survey has shown. This drop is despite rising oil prices and opportunities…