Wednesday, May 20, 2026
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Tag: oil production

Oil production finally resumes in key Libya field–NOC

Tripoli, Libya—The Libyan National Oil Corp. said Sunday production had resumed at Al-Sharara oil field, the country’s largest, which had been shut months ago...

Top oil producers agree ‘historic’ cuts, prices soar

Top oil-producing countries agreed on “historic” output cuts to prop up prices hammered by the coronavirus crisis and a Russia-Saudi price war, sending crude...

Libya export blockade helping OPEC meet oil production cuts – analysts

London, United Kingdom"•Libya’s almost total retreat from the world oil market as unrest blocks its vital terminals, is helping OPEC meet production cuts, analysts...

Russia bucks further Opec cuts

Russia wants to stick to the current Opec deal and would oppose any proposal for deeper production cuts at the group’s ministerial meeting later...

Opec close to extending oil deal

Opec and its allies were close to an agreement to extend their oil-production cuts for another nine months as they seek to prop up...

Free wine endangered on Asian airlines after Opec agreement

By Angus Whitley Some of Asia’s marquee airlines that spoil passengers with free alcohol and in-flight entertainment may soon have to kick the habit. The on-board...

Opec’s declining clout

Oil-producing countries may have preserved their relevance as an economic cartel after deciding to reduce their annual output to avoid another price collapse. The agreement,...
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