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In July, OPEC+ produced 437,000 barrels per day in excess of quotas, jeopardizing reduction plans and exacerbating the challenges facing an oil market already under pressure.
In July, OPEC+ produced 437,000 barrels per day in excess of quotas, jeopardizing reduction plans and exacerbating the challenges facing an oil market already under pressure.
Kazakh authorities impose a fine of 26.6 million euros on Caspiy Neft for environmental violations, marking a rare severity in this sector.
Kazakh authorities impose a fine of 26.6 million euros on Caspiy Neft for environmental violations, marking a rare severity in this sector.
Kazakhstan and the Asian Development Bank (ADB) sign a strategic agreement to develop hydropower projects, targeting a total capacity of 600 MW. This agreement will mobilize private investment to transform Kazakhstan's energy sector.
Kazakhstan and the Asian Development Bank (ADB) sign a strategic agreement to develop hydropower projects, targeting a total capacity of 600 MW. This agreement will mobilize private investment to transform Kazakhstan's energy sector.
MOL optimizes oil production in Azerbaijan, capitalizing on decades of experience in managing mature fields, with promising prospects in the Caspian region.
MOL optimizes oil production in Azerbaijan, capitalizing on decades of experience in managing mature fields, with promising prospects in the Caspian region.
OPEC+ plans to maintain its current policy despite lower oil prices, threatening the plan to reduce production cuts in the fourth quarter.
OPEC+ plans to maintain its current policy despite lower oil prices, threatening the plan to reduce production cuts in the fourth quarter.
India's imports of Middle Eastern crude increased in 2024, but the agreements with Russia could change all that.
India's imports of Middle Eastern crude increased in 2024, but the agreements with Russia could change all that.
OPEC+ is reducing its crude oil production, putting pressure on the global liquefied petroleum gas (LPG) market and influencing prices.
OPEC+ is reducing its crude oil production, putting pressure on the global liquefied petroleum gas (LPG) market and influencing prices.
Orano, the French nuclear fuel specialist, posted a loss of 133 million euros in the first half of 2024, due to the deteriorating political situation in Niger, affecting its mining activities.
Orano, the French nuclear fuel specialist, posted a loss of 133 million euros in the first half of 2024, due to the deteriorating political situation in Niger, affecting its mining activities.
Alexander Novak, Russia's Deputy Prime Minister, says Russia is meeting its OPEC+ commitments despite minor production overruns in June.
Alexander Novak, Russia's Deputy Prime Minister, says Russia is meeting its OPEC+ commitments despite minor production overruns in June.
Iraq, Russia and Kazakhstan have pledged to cut production by 2.284 million b/d by September 2025 to offset overproduction, according to OPEC. The cuts will be staggered and vary on a monthly basis.
Iraq, Russia and Kazakhstan have pledged to cut production by 2.284 million b/d by September 2025 to offset overproduction, according to OPEC. The cuts will be staggered and vary on a monthly basis.

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