Oil prices surged yesterday, ending the day with a 3.75% gain as OPEC+ surprised markets with a supply increase that came in below expectations. Click to read.

In FY25, ONGC's standalone crude oil production was 18.558 million tonnes, with an increase of 0.9% over FY24. The standalone natural gas production was 19.654 billion cubic metres (BCM) in FY25 ...

Petroleum production in federal waters of the Gulf averaged 1.77 million barrels per day last year, according to an online dashboard by the EIA. To contact the author, email jov.onsat@rigzone.com ...

The daily average production in February was 1,671,953 barrels per day, comprising both crude oil (1,465,006 bopd) and condensate (206,948 bopd).

In its latest STEO, the EIA forecast that U.S. crude oil production will come in at 13.40 million barrels per day in the first quarter of 2025, 13.57 million barrels per day in the second quarter ...

China said on Saturday it had built the world’s first offshore oil production and storage vessel capable of capturing carbon dioxide, taking another step towards meeting its carbon emissions ...

World oil production increased by 406 kb/d in July to 81,591 kb/d. For December 2025, production is expected to be 84,634 kb/d. Click to read.

In trading on Tuesday, shares of the SPDR S&P Oil & Gas Exploration & Production ETF (Symbol: XOP) crossed above their 200 day moving average of $142.52, changing hands as high as $143.40 per share.

Abu Dhabi has awarded a key production concession for Onshore Block-1 to Urja Bharat (UBPL), a joint venture between Indian Oil Corporation and compatriot Bharat Petroleum Corporation, days after ...

In his acceptance speech, the Chairman of the Defense Joint Monitoring Team, Major General Jal Jimoh, expressed gratitude to the Chief of Defense Staff for the trust placed in them.

Gusau added that the CDS urged the team to work towards increasing Nigeria’s daily oil production to 2.2 million barrels. The team is expected to coordinate with the Joint Task Force, South ...

Oil and gas production is hitting all-time highs ... U.S. oil and natural gas production through the end of 2023 2010 2012 2014 2016 2018 2020 2022 2024 0 2M 4M 6M 8M 10M 12M 14M ...