OPEC+ Suspends Oil and Bitumen Output Increases Amid Market Concerns
According to WPB, OPEC+ plans to halt the intended increases in crude oil and bitumen production in the first quarter of 2026 amidst growing worldwid...
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According to WPB, OPEC+ plans to halt the intended increases in crude oil and bitumen production in the first quarter of 2026 amidst growing worldwid...
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According to WPB, the global oil market is heading toward a significant surplus as production outpaces consumption. Although there was a moderate rec...
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WPB reports Russian President Vladimir Putin was sounding defiant when the United States sanctioned Russia's two biggest oil giants, Rosneft and Luko...
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Saudi Arabia's domestic reliance on oil to generate electricity is starting to fall structurally—a genuine step towards its Vision 2030 objective o...
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According to WPB, Malaysia's national oil company, Petronas, is projected to pay much less to the government's fiscal coffers next year as global oil...
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WPB states that, in October 2025, the US government widened its drive of sanctions against individuals and entities connected to the Iranian oil and ...
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WPB news indicates that a government official has told them that Indian refineries have received a steady supply of Russian crude oil despite Russia'...
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WPB reports that Brazil is poised to become one of the world's leading oil producers, driven by gargantuan offshore discoveries and large investments...
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Iraqi and Turkish governments have finalized an agreement for the resumption of crude oil exports from the Kurdistan region through the pipeline to T...
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Iran has deepened the price discounts offered on its crude sales to China, with discounts now over six dollars a barrel below Brent, WPB says. This i...
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According to WPB, Iraq has planned the construction of a new oil export pipeline to Oman, a strategic initiative to diversify crude outlets and de-th...
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WPB foresees crude oil markets falling, with the prices going below $60 per barrel by the end of the year as OPEC+ gradually unwinds its earlier outp...
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According to WPB, Kazakhstan made a downward tariff revision on export tariffs imposed on oil and certain petroleum products, setting the new rate at...
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Malaysia's state oil company Petronas is going through a period of heightened financial and operational stress, with lower oil prices, adverse market...
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WPB reports that Moscow has been sending the majority of its fuel oil and vacuum gasoil (VGO) to Asian and Middle Eastern destinations, as Western na...
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South Korea has initiated a far-reaching restructuring program in the petrochemicals sector, inviting top domestic producers to cut capacity in the m...
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India's largest oil and natural gas exploration and production company, the state-owned Oil and Natural Gas Corporation Limited (ONGC), reported a sh...
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According to WPB, Saudi Arabia’s crude exports to China are projected to decline in September, following two consecutive months of price increases ...
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According to Bitumenmag, The East African Crude Oil Pipeline (EACOP), a pipeline linking Uganda's oil reserves with Tanzania's Port of Tanga, is adva...
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According to WPB, Iraq's oil industry is being transformed with private Chinese oil companies growing their investments and operational footprint alo...
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