The United Nations held talks in Tripoli on Monday to try to help resolve a central bank crisis that sparked a blockade of oil production…
Posts tagged as “oil production”
Oilfield closures in Libya expanded on Wednesday, with the Sarir field nearly shutting down production entirely, according to two field engineers, amid a political dispute…
Over half of Libya’s oil production, or around 700,000 barrels per day (bpd), was offline on Thursday, as a standoff between rival political factions over…
Libya’s eastern-based administration announced on Monday that it would shut down all oil fields and suspend all production and exports in a surprise move that…
Türkiye curbed energy imports in 2024 by approximately 5% compared to the previous year, which analysts attributed to the increase in domestic production, according to…
Saudi Arabia and allied oil-producing countries agreed on Sunday to extend most of their deep oil output cuts well into 2025, exceeding market expectations, as…
Oil prices steadied on Monday morning amid political uncertainty in major producing nations following the death of Iran’s president and other officials in a helicopter…
Saudi Aramco on Tuesday said its net profit fell 14.5% on an annual basis to nearly $27.3 billion in the first quarter, as the Gulf…
Türkiye will deploy two additional drilling rigs in Şırnak, a southeastern province home to the nation’s most critical oil reserve, as it seeks to expand…
Şırnak, a southeastern province of Türkiye that long struggled with a significant terrorist presence, is now making headlines for its burgeoning oil industry, which has…