Russia plans to make extra crude oil production cuts to compensate for pumping above its OPEC+ quota in October and November this year, then between March and September of 2025. The compensation cuts will be made to account for overproduction that has occurred from April, Russia’s Energy Ministry said in a Telegram statement. SourceContinue Reading

EV Loss Drags Down Ford’s Q2 Profit | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – Jul 25, 2024, 1:50 AM CDT A loss before interest and taxes dragged down Ford’s second-quarter net...Continue Reading

Iranian Oil Exports Have Risen Sharply, Facilitated By Malaysia | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Jul 24, 2024, 7:00 PM CDT According to StanChart, the latest China customs import data shows crude oil imports from Malaysia...Continue Reading

Net-Zero Ambitions Hit Major Roadblocks in Europe, UK, and US | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Jul 24, 2024, 6:00 PM CDT Net-Zero transition targets touted so proudly in Europe,...Continue Reading