barrels

UAW President Shawn Fain addresses union members during a Solidarity Sunday rally in Warren, Michigan, Aug. 20, 2023Michael Wayland / CNBCDETROIT — The United Auto Workers and Detroit automakers remain far apart ahead of the union "likely"…

Riyadh on Sunday announced it would slash output further by one million barrels per day in a bid to prop up prices, despite fears of a recession.The announcement came following a meeting of the 13-member Organization of the Petroleum…

The announcement of the Saudi cuts of 1 million barrels per day, which will start in July, followed a meeting of the alliance at OPEC headquarters in Vienna.  | Photo Credit: Reuters Saudi Arabia said on June 4 that it will reduce how…

FRANKFURT: Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to support the sagging cost of crude after two earlier production cuts by members of the OPEC+ alliance of major oil-producing…

Chinese and Indian imports of Russian crude oil soared to record levels in May, as buyers took advantage of discounted supplies, a Reuters report said. India and China imported around 110 million barrels in May, which was an increase of…

Image for representation purpose only. | Photo Credit: Getty Images In the recent issue of Wisden, the 160th, there is a plea for giving Test cricket the ‘kiss of life’. The editor wasn’t exaggerating. In fact, if anything he might have…

Issued on: 02/04/2023 - 21:16Modified: 03/04/2023 - 05:00 Major oil powers led by Saudi Arabia announced a surprise production cut of more than one million barrels per…

Saudi Arabia said Sunday it will cut oil production by 500,000 barrels per day from May until the end of 2023. A general view shows an oil rig used in drilling at the Zubair oilfield in Basra, Iraq.(REUTERS) The move would…

<!-- -->Perenco UK said the spill was being contained and an investigation will be launched (Representational)Anglo-French oil company Perenco's UK unit said on Sunday that a limited oil leak occurred at one of its well sites in Wytch…

CNN  —  A Libyan armed group claims to have found the barrels of natural uranium that went missing in southern Libya. A spokesman for the self-styled Libyan…