Oil Production
Found 3 recent publications
Turkey Boosts Energy Output as Global Markets Face Currency and Oil Pressures
Turkey expands oil production toward one million barrels daily as global markets react to a strong US dollar, rising energy prices, and currency fluctuations.
Shenandoah project boosts Navitas' half-year revenues - and shifts it to profit
Navitas Petroleum concluded the first half of 2026 with a sharp rise in activity following the launch of the Shenandoah project. The partnership recorded revenues of 517.2 million dollars and a net profit of 80.4 million dollars.
OPEC Increases Quotas Again: Striving for Profitability Amid War
OPEC has announced an increase in oil production quotas starting in September, though most member states currently struggle to meet existing targets. Oil prices have declined due to expectations of easing tensions with Iran and the potential reopening of the Strait of Hormuz. Meanwhile, the USA has set an all-time record for oil exports, while China is mitigating the global supply decline by...