Keywords: Oil production
Morocco’s rose oil producers are preparing for a record harvest as favorable weather conditions boost agricultural output across key producing regions. Strong rainfall and snowfall during the winter have improved soil moisture and water reserves, creating optimal conditions for rose cultivation.......
Donald Trump sharply criticized the United Kingdom’s energy strategy, urging the government to expand oil production in the North Sea and calling its restrictions on new exploration “absolutely crazy.” In a post on Truth Social, Trump argued that Europe faces an energy shortage while......
Saudi Arabia has announced the full restoration of oil transport capacity on its strategic East-West pipeline, reaching approximately seven million barrels per day, following recent attacks linked to regional tensions. The announcement comes after several energy facilities across the kingdom were affected......
The oil-producing alliance OPEC+ is reportedly discussing a potential increase in oil output, even as ongoing geopolitical tensions continue to disrupt global energy markets. Sources indicate that member countries may agree to raise production levels in principle. However, analysts suggest that any......
TotalEnergies and U.S. authorities announced on Monday a major shift in energy strategy, redirecting nearly $1 billion initially allocated for offshore wind projects to oil and natural gas production in the United States. As part of the agreement, the U.S. government will reimburse TotalEnergies for......
Iraq is confronting a severe economic shock as the near collapse of its oil exports threatens the government’s ability to pay public sector salaries as early as next month. Officials warn that the country’s oil dependent economy is approaching a fiscal crisis after the disruption of its main......
OPEC has maintained its global oil demand projections even as supply disruptions linked to the war involving Iran shake energy markets. The organization confirmed that Saudi Arabia led a significant increase in production in February, raising output by 250,000 barrels per day in what appears to have......
Saudi Arabia has begun reducing oil production as the effective closure of the Strait of Hormuz fills storage facilities across the Persian Gulf, intensifying what analysts describe as the largest supply disruption in modern oil market history. The move by the world’s largest oil exporter comes......
Kuwait has implemented a precautionary reduction in crude oil production and refining throughput amid ongoing tensions with Iran, the Kuwait Petroleum Corporation (KPC) announced on Saturday. The move follows recent Iranian attacks against Kuwaiti territory and concerns over safe passage of ships through......
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