OPEC and its allies have formalized their production quotas under their new supply deal, with Saudi Arabia, the world's largest crude exporter, committing to a 322,000 bpd cut from its October level.
That puts Saudi Arabia's cap at 10.311 million bpd, according to a document prepared by OPEC's...
Contrary to initial reports that OPEC will not make public the country quotas in the new production cut deal, the organization now plans to publish a table of each OPEC and non-OPEC individual quotas in an attempt to inject some positive sentiment in a crashing oil market, OPEC’s Secretary...
The United States has granted Iraq a 90-day extension to an exemption from reimposed sanctions on Iran to keep on importing energy, a government source said on Thursday.
President Donald Trump reimposed sanctions on Iran's energy and finance sectors on November 5 following his May decision to...
Russian energy minister Alexander Novak expects his country's crude oil output in 2019 to be around 555-556 million tons (11.145-11.165 million barrel per day) but said this figure could be revised downwards due to OPEC+ agreements to cut production.
"A lot can change over the course of a year,...
Supplies of uranium, used to fire nuclear power plants, are becoming increasingly plentiful globally, threatening to make redundant Japan's long-standing policy of recycling spent nuclear fuel.
A pillar of the policy is a joint project with France to develop a fast reactor, which generates...